Divestiture of prior acquisitions: competing explanations of performance
Abstract
There are multiple perspectives of divestiture and its performance that require reconciliation. While research finds a positive market response to divestment announcement, divestiture of prior acquisitions are generally viewed negatively. The purpose of this paper is to develop and empirically test different explanations for the divestment of prior acquisitions.,This research employs event study to capture market reaction at acquisition...
Paper Details
Title
Divestiture of prior acquisitions: competing explanations of performance
Published Date
Nov 21, 2019
Volume
13
Issue
1
Pages
33 - 50
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