Wealth creation from high-tech divestitures
作者： Georgina Benou , Jeff Madura , Thanh Ngo
DOI: 10.1016/J.QREF.2005.05.001
关键词:
摘要: Abstract We measure the change in value to sellers and buyers of divested high-tech assets. Sellers experience favorable announcement effects response divestitures. However, assets more than sellers, which is opposite related research findings on other types Based a cross-sectional analysis, for are when there an investment bank advisor, transaction price disclosed, size divestiture large. The were also was advisor during tech-bubble period. Overall, results suggest that stock behavior divestitures distinctly different from
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