The market for interfirm asset sales: Partial sell-offs and total liquidations

We investigate the valuation consequences of voluntary proposals to sell part or all of a corporation's assets. For partial sell-offs, successful sellers and buyers reap statistically significant abnormal returns of 1.66% and 0.83%, respectively. Unsuccessful sellers realize gains at the bid an...

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Veröffentlicht in:	Journal of financial economics 1987-06, Vol.18 (2), p.229-252
Hauptverfasser:	Hite, Gailen L., Owers, James E., Rogers, Ronald C.
Format:	Artikel
Sprache:	eng
Schlagworte:	Abnormal returns Assets Divestiture Liquidation Markets Mathematical models Sales Statistical analysis Studies
Online-Zugang:	Volltext
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