Sökning: "Spin off performance"

Visar resultat 1 - 5 av 18 uppsatser innehållade orden Spin off performance.

  1. 1. Successful Managers? a Study on US Corporate Restructuring Returns

    Master-uppsats, Göteborgs universitet/Graduate School

    Författare :Lars Erik Fledsberg; Simon Olofsson; [2023-06-29]
    Nyckelord :;

    Sammanfattning : This study examined the long-term performance of corporate restructurings in the United States between 2000 and 2015 in response to the absence of abnormal returns found in prior literature. The significance of this study stems from the intricate nature and expenses associated with transactions that impact stakeholders, thereby increasing their risk exposure. LÄS MER

  3. 2. The Impact of Spin-offs on Shareholder Value : Evidence from the Swedish Market 1991-2022

    Master-uppsats, Uppsala universitet/Företagsekonomiska institutionen

    Författare :Moa Landing; Gustav Swedenborg; [2023]
    Nyckelord :Spin-offs; Corporate restructurings; Abnormal returns; Determinants of abnormal returns;

    Sammanfattning : This thesis uses an event study methodology to investigate the short- and long-term effect on shareholder value from Lex ASEA-approved spin-offs' on the Swedish market between 1991-2022. The impact of spin-offs has been examined by estimating the effects on the parent firm, the spun-off entity, and a value-weighted pro-forma entity. LÄS MER

  4. 3. 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

  5. 4. 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

  7. 5. 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