메뉴 건너뛰기




Volumn 27, Issue 4, 2004, Pages 559-583

The wealth effects of tracking stock restructurings

Author keywords

[No Author keywords available]

Indexed keywords


EID: 3242815638     PISSN: 02702592     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1475-6803.2004.00108.x     Document Type: Review
Times cited : (22)

References (25)
  • 1
    • 0000203448 scopus 로고    scopus 로고
    • Diversification and the value of internal capital markets: The case of tracking stock
    • Billett, M. and D. Mauer, 2000, Diversification and the value of internal capital markets: The case of tracking stock, Journal of Banking and Finance 24, 1457-90.
    • (2000) Journal of Banking and Finance , vol.24 , pp. 1457-1490
    • Billett, M.1    Mauer, D.2
  • 2
    • 0035593776 scopus 로고    scopus 로고
    • Is the market optimistic about the future earnings of seasoned equity offering firms?
    • Brous, P., V. Datar, and O. Kini, 2001, Is the market optimistic about the future earnings of seasoned equity offering firms? Journal of Financial and Quantitative Analysis 36, 141-68.
    • (2001) Journal of Financial and Quantitative Analysis , vol.36 , pp. 141-168
    • Brous, P.1    Datar, V.2    Kini, O.3
  • 3
    • 38249030124 scopus 로고
    • Seasonalities in security returns: The case of earnings announcements
    • Chari, V., R. Jagannathan, and A. Ofer, 1988, Seasonalities in security returns: The case of earnings announcements, Journal of Financial Economics 21, 101-21.
    • (1988) Journal of Financial Economics , vol.21 , pp. 101-121
    • Chari, V.1    Jagannathan, R.2    Ofer, A.3
  • 4
    • 6344294607 scopus 로고    scopus 로고
    • Why issue tracking stock? Insights from a comparison with spin-offs and carve-outs
    • Chemmanur, T. and I. Paeglis, 2001, Why issue tracking stock? Insights from a comparison with spin-offs and carve-outs, Journal of Applied Corporate Finance 14, 102-14.
    • (2001) Journal of Applied Corporate Finance , vol.14 , pp. 102-114
    • Chemmanur, T.1    Paeglis, I.2
  • 6
    • 0035588576 scopus 로고    scopus 로고
    • Is the market surprised by the poor earnings realizations following seasoned equity offerings?
    • Denis, D. and A. Sarin, 2001, Is the market surprised by the poor earnings realizations following seasoned equity offerings? Journal of Financial and Quantitative Analysis 36, 169-93.
    • (2001) Journal of Financial and Quantitative Analysis , vol.36 , pp. 169-193
    • Denis, D.1    Sarin, A.2
  • 7
    • 0001923814 scopus 로고    scopus 로고
    • Firm performance and focus: Long-run stock market performance following spinoffs
    • Desai, H. and P. Jain, 1999, Firm performance and focus: Long-run stock market performance following spinoffs, Journal of Financial Economics 54, 75-101.
    • (1999) Journal of Financial Economics , vol.54 , pp. 75-101
    • Desai, H.1    Jain, P.2
  • 9
    • 0010667009 scopus 로고    scopus 로고
    • The reaction of share prices to tracking stock announcements
    • Elder, J. and P. Westra, 2000, The reaction of share prices to tracking stock announcements, Journal of Economics and Finance 24, 36-55.
    • (2000) Journal of Economics and Finance , vol.24 , pp. 36-55
    • Elder, J.1    Westra, P.2
  • 10
    • 0043277643 scopus 로고    scopus 로고
    • Directorial fiduciary duties in a tracking stock equity structure: The need for a duty of fairness
    • Hass, J., 1996, Directorial fiduciary duties in a tracking stock equity structure: The need for a duty of fairness, Michigan Law Review 94, 2089-2177.
    • (1996) Michigan Law Review , vol.94 , pp. 2089-2177
    • Hass, J.1
  • 11
    • 0000581231 scopus 로고
    • Security price reactions around corporate spin-off announcements
    • Hite, G. and J. Owers, 1983, Security price reactions around corporate spin-off announcements, Journal of Financial Economics 12, 409-36.
    • (1983) Journal of Financial Economics , vol.12 , pp. 409-436
    • Hite, G.1    Owers, J.2
  • 13
    • 0039604690 scopus 로고    scopus 로고
    • Long-term performance of seasoned equity offerings: Benchmark errors and biases in expectations
    • Jegadeesh, N., 2000, Long-term performance of seasoned equity offerings: Benchmark errors and biases in expectations, Financial Management 29, 5-30.
    • (2000) Financial Management , vol.29 , pp. 5-30
    • Jegadeesh, N.1
  • 16
    • 84986753354 scopus 로고
    • The two stages of an equity carveout and the price response of parent and subsidiary stock
    • Klein, A., J. Rosenfeld, and W. Beranek, 1991, The two stages of an equity carveout and the price response of parent and subsidiary stock, Managerial and Decision Economics 12, 449-60.
    • (1991) Managerial and Decision Economics , vol.12 , pp. 449-460
    • Klein, A.1    Rosenfeld, J.2    Beranek, W.3
  • 17
    • 0002982333 scopus 로고    scopus 로고
    • Information asymmetry, valuation, and the corporate spin-off decision
    • Krishnaswami, S. and V. Subramaniam, 1999, Information asymmetry, valuation, and the corporate spin-off decision, Journal of Financial Economics 53, 73-112.
    • (1999) Journal of Financial Economics , vol.53 , pp. 73-112
    • Krishnaswami, S.1    Subramaniam, V.2
  • 18
    • 0040518926 scopus 로고    scopus 로고
    • Rearranging residual claims: A case for targeted stock
    • Logue, D., J. Seward, and J. Walsh, 1996, Rearranging residual claims: A case for targeted stock, Financial Management 25, 43-61.
    • (1996) Financial Management , vol.25 , pp. 43-61
    • Logue, D.1    Seward, J.2    Walsh, J.3
  • 19
    • 0009885154 scopus 로고    scopus 로고
    • Improved methods for testing long-run abnormal returns
    • Lyon, J., B. Barber, and C. Tsai, 1999, Improved methods for testing long-run abnormal returns, Journal of Finance, 165-201.
    • (1999) Journal of Finance , pp. 165-201
    • Lyon, J.1    Barber, B.2    Tsai, C.3
  • 20
    • 84980096038 scopus 로고
    • Conceptual problems in the use of risk-adjusted discount rates
    • Robicheck, A. and S. Myers, 1966, Conceptual problems in the use of risk-adjusted discount rates, Journal of Finance 37, 727-30.
    • (1966) Journal of Finance , vol.37 , pp. 727-730
    • Robicheck, A.1    Myers, S.2
  • 21
    • 0001396920 scopus 로고
    • Effects of recontracting on shareholder wealth: The case of voluntary spin-offs
    • Schipper, K. and A, Smith, 1983, Effects of recontracting on shareholder wealth: The case of voluntary spin-offs, Journal of Financial Economics 12, 437-67.
    • (1983) Journal of Financial Economics , vol.12 , pp. 437-467
    • Schipper, K.1    Smith, A.2
  • 22
    • 0038923638 scopus 로고
    • A comparison of equity carve-outs and seasoned equity offerings: Share price effects and corporate restructuring
    • Schipper, K. and A. Smith, 1986, A comparison of equity carve-outs and seasoned equity offerings: Share price effects and corporate restructuring, Journal of Financial Economics 15, 153-86.
    • (1986) Journal of Financial Economics , vol.15 , pp. 153-186
    • Schipper, K.1    Smith, A.2
  • 23
    • 0000683776 scopus 로고    scopus 로고
    • Long term returns from equity carveouts
    • Vijh, A., 1999, Long term returns from equity carveouts, Journal of Financial Economics 51, 273-308.
    • (1999) Journal of Financial Economics , vol.51 , pp. 273-308
    • Vijh, A.1
  • 24
    • 0141977261 scopus 로고    scopus 로고
    • The positive announcement-period returns of equity carveouts: Asymmetric information or divestiture gains?
    • Vijh, A., 2002, The positive announcement-period returns of equity carveouts: Asymmetric information or divestiture gains? Journal of Business 75, 153-90.
    • (2002) Journal of Business , vol.75 , pp. 153-190
    • Vijh, A.1
  • 25
    • 9344251282 scopus 로고    scopus 로고
    • Diversification discount and targeted stock: Theory and empirical evidence
    • University of Maryland
    • Zuta, S., 2000, Diversification discount and targeted stock: Theory and empirical evidence, Working paper, University of Maryland.
    • (2000) Working Paper
    • Zuta, S.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.