Sökning: "Divestiture"

Visar resultat 1 - 5 av 15 uppsatser innehållade ordet Divestiture.

  1. 1. How do equity carve-outs create value? An investigation from three perspectives

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

    Författare :Johan Gunnarsson; Rebecca Gustafsson; [2021]
    Nyckelord :Equity carve-out; Value creation; Divestiture; Diversification;

    Sammanfattning : In this study, we investigate the value creation from equity carve-outs from the perspectives of the asymmetric information hypothesis, the divestiture gains hypothesis and the heterogeneous beliefs hypothesis. We examine the corporate impact of undertaking a carve-out decision on operational performance and valuation levels for parent and subsidiary firms. LÄS MER

  2. 2. Spin-off Impact on Shareholder Wealth: A worldwide study on market reactions to spin-off announcements


    Författare :Susanna Hellström; Arvid Landmark; [2020-07-01]
    Nyckelord :Corporate restructuring; Divestiture; Spin-off; Average cumulative abnormal return; Diversification; Information asymmetry;

    Sammanfattning : This thesis investigate the spin-off wealth effect and its determinant factors for spin-offs announced in the period 2000-2019. The sample is distributed over three regions; Europe, Asia-Pacic, and the US, with 103, 248 and 164 sample transactions, respectively. LÄS MER

  3. 3. Factors Determining Wealth Creation from Divestitures in Sweden

    Kandidat-uppsats, KTH/Matematisk statistik

    Författare :Karim Stiti; [2018]
    Nyckelord :Divestiture; refocusing hypothesis; size effect; ROA; ROE; Equity Ratio; Financial Distress; Optimal Portfolio Management;

    Sammanfattning : Divestitures have grown in importance and popularity over the years, rivaling other strategic transactions in mergers and acquisitions. The dominating opinion in academic research is that divestitures overall generate an abnormal return for the parent company stock. LÄS MER

  4. 4. Avyttringars inverkan på säljande bolags aktiekurs : En studie på den svenska marknaden med hänsyn till branschtillhörighet, finansieringsalternativ och konjunkturläge

    Magister-uppsats, Linköpings universitet/FöretagsekonomiLinköpings universitet/Filosofiska fakulteten; Linköpings universitet/FöretagsekonomiLinköpings universitet/Filosofiska fakulteten

    Författare :Åckander Johan; Rygert Pontus; [2018]
    Nyckelord :Divestitures; event study; abnormal returns; economic cycle; payment method; industry affiliation; Avyttring; m a; abnormal avkastning; eventstudie; finansiell ekonomi;

    Sammanfattning : Background: Previous studies on the subject, contrary to corresponding studies on mergers and acquisitions, have shown significant positive market reactions from all over the world on the announcements of divestitures. However, similar studies have not been done on the Swedish market. LÄS MER

  5. 5. The Split of Svenska Cellulosa Aktiebolaget (SCA) - A case study on how companies are influenced to undertake a divestiture when the perceived internal corporate identity deviates from the external

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

    Författare :Anders Biörklund; Fredrik Lundgren; [2018]
    Nyckelord :Analyst specialization; Corporate identity; Coverage mismatch; Divestment; Equity discount;

    Sammanfattning : This thesis investigates how differences between the perceived internal corporate identity and the external identity affect the decision to divest a business unit. The chosen method was a qualitative case study of SCA, with 16 interviews of stakeholders with connection to SCA and their spin-off Essity. LÄS MER