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THE OPERATIONAL AND STOCK PERFORMANCE OF SPINOFFS AND CARVEOUTS: SOME EVIDENCE FROM CANADADownload This Article
Raymond A. K. Cox, Adishwar V. Jain
The purpose of this paper is to examine the financial characteristics and the operating performance of Canadian domiciled parents, before and after a demerger, including an inspection of the financial profile of the divested subsidiaries subsequent to the spinoff or carveout. Additionally, the shareholder wealth impact on parents that demerge is studied including the share volume trading activity.
Keywords: Stock Performance, Spinoffs, Canada
How to cite this paper: Cox, R. A. K., & Jain, A. V. (2008). The operational and stock performance of spinoffs and carveouts: Some evidence from Canada Corporate Ownership & Control, 5(2-3), 318-326. http://doi.org/10.22495/cocv5i2c3p1