... To the authors' knowledge this is the first study to examine the effect of CEO social capital on the shareholders' wealth created by divestitures. Asset sell-offs are important corporate events that are typically characterized by a high degree of information asymmetry between the seller and the buyer...

...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...

... examine news releases for initial public offerings of subsidiaries. For the post‐1990 period, we begin with the lists of carve‐outs in the annual issue of Mergers and Acquisition Magazine. From these sources and after eliminating divestiture IPOs, there are 336 carve‐outs with an offering price...