Examining stockholder and bondholder wealth of acquirers and sellers, we find that asset
sales are firm value enhancing for the seller but value neutral for the acquirer. Although …

In the spirit of methodology reviews for stock event studies, like the one prepared by Binder
(Rev Quant Financ Account 11: 111–137, 1998), this paper discusses the development of …

We survey the empirical literature on corporate financial restructuring, including breakup
transactions (divestitures, spinoffs, equity carveouts, tracking stocks), leveraged …

This paper provides an overview of existing research on how corporate restructuring affects
bondholder wealth. Restructuring is defined as any transaction which affects the firm's …

Using samples of US firms, we examine the efficacy of six risk‐proxy variables to forecast 5‐
year failure: year‐end t‐values of stock return volatility, firm size, recent profitability, market …

This article examines the stock market performance implications of joint venture (JV) partner
sell-offs using a resource-based view and an event study methodology. More specifically, it …

Purpose The purpose of this research is to study the impact of divestitures on shareholder
wealth. This study covers selloffs of publicly traded companies in Germany, Austria and …

Previous studies showed that private information gathered through banking services such as
loans and syndicated debt is incorporated into CDS rates by large banks. Additionally, there …

The restrictions of the institutional environment for Equity Real Estate Investment Trusts
(EREITS) causes major restructuring to be a more important aspect of strategic planning for …

We examine major sales of real property by public US Real Estate Investment Trusts (REITs)
1992–2002. We find that abnormal shareholder returns are significantly positive, a result that …