Sökning: "Spin-offs"

Visar resultat 6 - 10 av 55 uppsatser innehållade ordet Spin-offs.

  1. 6. Spinning Gold: Unraveling the Secrets of Value Creation from Spin-offs

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för marknadsföring och strategi

    Författare :Andreas Groth; Fabian Bevanda; [2023]
    Nyckelord :Spin-Offs; Corporate Focus Hypothesis; Optimal Leverage Hypothesis;

    Sammanfattning : This thesis explores the dynamics of value creation in American corporate spin-offs between 1995-2019 from the dual perspectives of the corporate focus and optimal leverage hypotheses. The research employs a comprehensive dataset of 164 cases, examining the impacts of spin-offs on long-term abnormal stock returns and both unadjusted and industry-adjusted operating performance. LÄS MER

  3. 7. Value creation in sponsored and non-sponsored spin-offs

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Författare :André Sjögren; [2022]
    Nyckelord :Spin-offs; Ownership; Sponsors; Excess Returns; CAPM;

    Sammanfattning : I examine whether spin-offs create value and if there is a difference between sponsored and non-sponsored firms by examining announcement-day share price performance, long-term share price performance, and long-term change in operational performance. The measures used were calculated on an unadjusted basis, in line with prior research, and on a risk-adjusted basis, using the Capital Asset Pricing Model. LÄS MER

  4. 8. Do spin-offs create shareholder value? The Nordic context

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Författare :Holger Heed; Niklas Blidholm Svensson; [2022]
    Nyckelord :Corporate restructuring; Spin-off; Announcement effect; Abnormal return;

    Sammanfattning : This thesis investigates the magnitude- and determinant factors of the short-term abnormal returns upon announcing voluntary corporate spin-offs. The sample consists of 88 completed Nordic spin-off transactions, announced between 2001 and 2021. LÄS MER

  5. 9. To Spin Off or Not To Spin Off?

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för marknadsföring och strategi; Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Författare :Henrik Nyberg; Johan Fohlin; [2022]
    Nyckelord :Spin-offs; Corporate Focus; Abnormal Returns; Operating Performance; Sharpe Ratio;

    Sammanfattning : This study investigates the value creation of U.S. spin-offs undertaken between 2010 and 2017 from three perspectives. Firstly, shareholder wealth creation is analyzed through tests on unadjusted abnormal announcement-day returns and unadjusted abnormal long-term returns. LÄS MER

  7. 10. Wealth effects associated with spin-offs: Empirical evidence from the Nordics

    Master-uppsats, Göteborgs universitet/Graduate School

    Författare :Robin Abrahamsson; Gustav Berneblad; [2021-06-30]
    Nyckelord :Spin-offs; wealth effects; cumulative average abnormal return; announcement date; long-run performance; ; efficient market hypothesis;

    Sammanfattning : This study focuses on the abnormal returns associated with spin-offs in the Nordics. The sample consists of 84 completed spin-offs between 2000 and 2020. Similar to the vast majority of previous studies, a significant three-day cumulative average abnormal return around the announcement date is documented, showing abnormal returns of 3.03%. LÄS MER