...Puja Aggarwal; Sonia Garg Purpose The purpose of this paper is to analyse the impact of spin-off announcements on the parent firm’s share prices. Also, it is studied that during which period the announcement impacts the share prices significantly thereby affecting the shareholder wealth. Design...

... 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...