Show/Hide Menu
Hide/Show Apps
Logout
Türkçe
Türkçe
Search
Search
Login
Login
OpenMETU
OpenMETU
About
About
Open Science Policy
Open Science Policy
Open Access Guideline
Open Access Guideline
Postgraduate Thesis Guideline
Postgraduate Thesis Guideline
Communities & Collections
Communities & Collections
Help
Help
Frequently Asked Questions
Frequently Asked Questions
Guides
Guides
Thesis submission
Thesis submission
MS without thesis term project submission
MS without thesis term project submission
Publication submission with DOI
Publication submission with DOI
Publication submission
Publication submission
Supporting Information
Supporting Information
General Information
General Information
Copyright, Embargo and License
Copyright, Embargo and License
Contact us
Contact us
Dyssynergy Effect of Voluntary Spinoffs and Market Efficiency
Download
Dyssynergy effect 139-147.pdf
Date
1997
Author
Yüce, Ayşe
Metadata
Show full item record
This work is licensed under a
Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License
.
Item Usage Stats
27
views
1
downloads
Cite This
The exccss returns associated with spinoff announcements between 1980 and 1988 are investigated. It is found that spinoff announcements continued to create excess returns reaching a maximum of 2.88%, with a Z statistic of 8.22, between the period of one day before the announcement and the announcement date. A logit model is formed to investigate the relation between spinoff decision of companies and their asset growth rates. The results show that asset growth rate is a significant determinant of spinoff decision with a p value of 0.075.
URI
https://hdl.handle.net/11511/112611
Journal
ODTÜ Gelişme Dergisi
Collections
Department of Business Administration, Article
Citation Formats
IEEE
ACM
APA
CHICAGO
MLA
BibTeX
A. Yüce, “Dyssynergy Effect of Voluntary Spinoffs and Market Efficiency,”
ODTÜ Gelişme Dergisi
, vol. 24, no. 1, pp. 139–147, 1997, Accessed: 00, 2024. [Online]. Available: https://hdl.handle.net/11511/112611.