Differences of Opinion and Stock Price Reaction in the Case of Corporate Spin-off Announcements
This study analyzes the effect of changes in the level of differences of opinion (DO) associated with the public disclosure of spinoff divesture on stock prices. The framework for the empirical analysis is the application of a dynamic DO model of Banerjee and Kremer (2010) to Miller (1977)’s DO mode...
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| Format: | Article |
| Language: | English |
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People & Global Business Association (P&GBA)
2017-06-01
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| Series: | Global Business and Finance Review |
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| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20170629083420-WNDH1.pdf |