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Learning about internal capital markets from corporate spin-offs
Gertner, Robert - , Powers, Eric - ,
The American Finance Association ()
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Artikel Jurnal
PSB lt.dasar - Pascasarja...

Text

Learning about internal capital markets from corporate spin-offs

Gertner, Robert -; Powers, Eric -

We examine the investment behavior of firms before and after being spun off from their parent companies. Their investment after the spin-off is significantly more sensitive to measures of investment opportunities (e.g.,industry Tobin's Q or industry investment) than it is before the spin-off. Spin-offs tend to cut investment in low Q industries and increase investment in high Q industries..Printed Journal


Ketersediaan

Call NumberLocationAvailable
PSB lt.dasar - Pascasarjana1
Penerbit: The American Finance Association
Edisi-
Subjek-
ISBN/ISSN00221082
Klasifikasi-
Deskripsi Fisik-
Info Detail Spesifik-
Other Version/RelatedTidak tersedia versi lain
Lampiran BerkasTidak Ada Data

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