Características financieras de las empresas escindidas en España: Aproximación mediante un modelo logit

The aim of this study is the characterisation of the financial and economic structure of Spanish companies that decide to spin off and, thus, find out which are the circumstances that push companies to face this kind of corporate restruc¬turation. To do so, we have worked on two samples taken in two different time periods: 2001-2003, a stage of economic stability in Spain; and 2011, a period of economic crisis. Both samples include companies that decided to spin off, and companies that didn't. The results obtained are clearly significant and show some of the characteristics that differentiate companies that spin off from those that don't, throughout time.