... To the authors' knowledge this is the first study to examine the effect of CEO social capital on the shareholders' wealth created by divestitures. The social science literature provides two broad views of social capital: macro and micro. The macro perspective, proposed by Putnam (1993) , considers...

...Thomas H. Thompson Purpose The purpose of this paper is to provide a comprehensive initial evaluation of divestiture gains for reacquired carve‐out parent and subsidiary second event and three‐year returns for the period 1980‐2010. Design/methodology/approach Using several variables, we...

... of the variation. Carve‐outs Spin‐offs Divestitures Equity capital Corporate ownership Economic returns We cross‐check all carve‐outs with Lexis‐Nexis, Investment Dealer's Digest, Standard and Poor's Dividend Record, Mergent Dividend Record (formerly Moody's), Mergent Industrial...