메뉴 건너뛰기




Volumn 7, Issue 4, 2001, Pages 341-366

The parent company puzzle: When is the whole worth less than one of the parts?

Author keywords

Mispricing; Parent company puzzle; Taxes

Indexed keywords


EID: 0038737855     PISSN: 09291199     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0929-1199(01)00025-6     Document Type: Article
Times cited : (13)

References (16)
  • 1
    • 0000701590 scopus 로고
    • Capital market equilibrium with personal tax
    • Constantinides G. Capital market equilibrium with personal tax. Econometrica. 51:1983;611-636.
    • (1983) Econometrica , vol.51 , pp. 611-636
    • Constantinides, G.1
  • 3
    • 0001066475 scopus 로고
    • Agency costs of free cash, corporate finance and takeovers
    • Jensen M.C. Agency costs of free cash, corporate finance and takeovers. American Economic Review. 76:1986;323-329.
    • (1986) American Economic Review , vol.76 , pp. 323-329
    • Jensen, M.C.1
  • 4
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs and ownership structure
    • Jensen M.C., Meckling W.H. Theory of the firm: managerial behavior, agency costs and ownership structure. Journal of Financial Economics. 3(4):1976;305-360.
    • (1976) Journal of Financial Economics , vol.3 , Issue.4 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.H.2
  • 5
    • 85019810764 scopus 로고    scopus 로고
    • Lamont, O.A., Thaler, R.H., 2000. Can the market add and subtract? Mispricing in tech stock carve outs, unpublished working paper, Graduate School of Business, University of Chicago.
  • 6
    • 84977736029 scopus 로고
    • Investor sentiment and the closed-end fund puzzle
    • Lee C., Shleifer A., Thaler R. Investor sentiment and the closed-end fund puzzle. Journal of Finance. 46(1):1991;75-110.
    • (1991) Journal of Finance , vol.46 , Issue.1 , pp. 75-110
    • Lee, C.1    Shleifer, A.2    Thaler, R.3
  • 7
    • 84977360059 scopus 로고
    • The valuation of closed-end investment company shares
    • Malkiel B.G. The valuation of closed-end investment company shares. Journal of Finance. 32:1977;847-859.
    • (1977) Journal of Finance , vol.32 , pp. 847-859
    • Malkiel, B.G.1
  • 8
    • 84916929634 scopus 로고
    • Risk, uncertainty, and divergence of opinion
    • Miller E.M. Risk, uncertainty, and divergence of opinion. Journal of Finance. 32(4):1977;1151-1168.
    • (1977) Journal of Finance , vol.32 , Issue.4 , pp. 1151-1168
    • Miller, E.M.1
  • 9
    • 0042296881 scopus 로고    scopus 로고
    • Barron's op-ed article
    • April
    • Nanda V., Narayanan M.P. Barron's op-ed article. Barron's. 2001;30. April.
    • (2001) Barron's , pp. 30
    • Nanda, V.1    Narayanan, M.P.2
  • 10
    • 0003457920 scopus 로고    scopus 로고
    • The cost of diversity: The diversification discount and inefficient investment
    • Rajan R., Servaes H., Zingales L. The cost of diversity: the diversification discount and inefficient investment. Journal of Finance. 55(1):2000;35-80.
    • (2000) Journal of Finance , vol.55 , Issue.1 , pp. 35-80
    • Rajan, R.1    Servaes, H.2    Zingales, L.3
  • 11
    • 85019824135 scopus 로고    scopus 로고
    • Schill, M.J., Zhou, C., 2000. Pricing an emerging industry: evidence from internet subsidiary carve-outs, unpublished working paper, University of California at Riverside.
  • 14
    • 0001026456 scopus 로고    scopus 로고
    • A survey of corporate governance
    • Shleifer A., Vishny R.W. A survey of corporate governance. Journal of Finance. 52(2):1997;737-783.
    • (1997) Journal of Finance , vol.52 , Issue.2 , pp. 737-783
    • Shleifer, A.1    Vishny, R.W.2
  • 15
    • 85019811967 scopus 로고    scopus 로고
    • Standard Federal Tax Reports, 1999, CCH, New York, NY.
  • 16
    • 84924508526 scopus 로고
    • Does the stock market rationally reflect fundamental values?
    • Summers L.H. Does the stock market rationally reflect fundamental values? Journal of Finance. 41(3):1986;591-600.
    • (1986) Journal of Finance , vol.41 , Issue.3 , pp. 591-600
    • Summers, L.H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.