publication . Bachelor thesis . 2007

Corporate Spinoffs- A Risk and Return Perspective

Lundh, Hampus;
Open Access English
  • Published: 01 Jan 2007
  • Publisher: Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Nationalekonomi
  • Country: Sweden
Abstract
Spinoffs are an increasing phenomenon on the Swedish stock market. In this report one can read about factors that trigger spinoffs as well as about the short and medium term risk and return that spinoffs yield. I have observed 17 pre-spinoff companies that become 34 post-spinoff companies which continued to be traded on the stock market. For the purpose of the investigation I use time-series regression, and my model is the sin-gle-factor market model. I use this model to estimate the beta and the firm specific factor. Supporting theories are: efficiency, portfolio theory, valuation method and asymmetry all those topics are central parts in a spinoff. From my res...
Subjects
free text keywords: Corporate Spinoffs, Spinouts, Deconsolidation, Corporate-reconstructing, Corporate-specialization, Systematic risk, Return, Business and economics, Ekonomi
Related Organizations
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