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Volumn 43, Issue 2, 1997, Pages 241-274

Spinoffs and wealth transfers: The Marriott case

Author keywords

Agency costs; Financial policy; Restructuring; Spinoff

Indexed keywords


EID: 0031066585     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-405X(96)00885-9     Document Type: Article
Times cited : (65)

References (10)
  • 1
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    • Using the capital market as a monitor: Corporate spinoffs in an agency framework
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    • (1991) Rand Journal of Economics , vol.22 , pp. 505-518
    • Aron, D.J.1
  • 3
    • 0010839144 scopus 로고
    • Spin-offs and spin-outs: Using 'securitization' to beat the bureaucracy
    • Glassman, David M., 1988, Spin-offs and spin-outs: Using 'securitization' to beat the bureaucracy, Journal of Applied Corporate Finance 1, 82-89.
    • (1988) Journal of Applied Corporate Finance , vol.1 , pp. 82-89
    • Glassman, D.M.1
  • 4
    • 0000536528 scopus 로고
    • Changes in the financial market: Welfare and price effects and the basic theorems of value conservation
    • Hakansson, Nils H., 1982, Changes in the financial market: Welfare and price effects and the basic theorems of value conservation, Journal of Finance 37, 977-1004.
    • (1982) Journal of Finance , vol.37 , pp. 977-1004
    • Hakansson, N.H.1
  • 5
    • 0000581231 scopus 로고
    • Security price reactions around corporate spin-off announcements
    • Hite, Gailen L. and James E. Owers, 1983, Security price reactions around corporate spin-off announcements, Journal of Financial Economics 12, 409-436.
    • (1983) Journal of Financial Economics , vol.12 , pp. 409-436
    • Hite, G.L.1    Owers, J.E.2
  • 6
    • 0040456133 scopus 로고
    • Targeted repurchases and common stock returns
    • Mikkelson, Wayne H. and Richard S. Ruback, 1991, Targeted repurchases and common stock returns, Rand Journal of Economics 22, 544-561.
    • (1991) Rand Journal of Economics , vol.22 , pp. 544-561
    • Mikkelson, W.H.1    Ruback, R.S.2
  • 7
    • 84880392245 scopus 로고
    • The effect of voluntary spin-off announcements on shareholder wealth
    • Miles, James A. and James D. Rosenfeld, 1983, The effect of voluntary spin-off announcements on shareholder wealth, Journal of Finance 38, 1597-1606.
    • (1983) Journal of Finance , vol.38 , pp. 1597-1606
    • Miles, J.A.1    Rosenfeld, J.D.2
  • 8
    • 84977717063 scopus 로고
    • The long-run performance of initial public offerings
    • Ritter, Jay R., 1991, The long-run performance of initial public offerings, Journal of Finance 46, 3-27.
    • (1991) Journal of Finance , vol.46 , pp. 3-27
    • Ritter, J.R.1
  • 9
    • 0001396920 scopus 로고
    • Effects of recontracting on shareholder wealth: The case of voluntary spin-offs
    • Schipper, Katherine and Abbie Smith, 1983, Effects of recontracting on shareholder wealth: The case of voluntary spin-offs, Journal of Financial Economics 12, 437-467.
    • (1983) Journal of Financial Economics , vol.12 , pp. 437-467
    • Schipper, K.1    Smith, A.2
  • 10
    • 0002200606 scopus 로고
    • Application of option pricing analysis
    • J.L. Bicksler, ed. (North-Holland, Amsterdam)
    • Smith, Clifford W., 1979, Application of option pricing analysis, in: J.L. Bicksler, ed., Handbook of financial economics (North-Holland, Amsterdam) 80-121.
    • (1979) Handbook of Financial Economics , pp. 80-121
    • Smith, C.W.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.