The Relation Between Corporate Divestiture and Cumulative Abnormal Return of Stock

碩士 === 東吳大學 === 會計學系 === 106 === This purpose of the study is to assess the relation between corporate divestiture and cumulative abnormal return of stock, the difference of cumulative abmormal return between equity carve-outs and spin-offs, and how information assymetry, division of labor and speci...

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Main Authors:	CHUANG, CHI-AN, 莊淇安
Other Authors:	CHEN, YEN-PAO
Format:	Others
Language:	zh-TW
Published:	2018
Online Access:	http://ndltd.ncl.edu.tw/handle/qmb3uu

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spelling	ndltd-TW-106SCU003850262019-05-16T00:22:59Z http://ndltd.ncl.edu.tw/handle/qmb3uu The Relation Between Corporate Divestiture and Cumulative Abnormal Return of Stock 企業分割與股票累積異常報酬關聯之研究-以我國上市櫃公司為例 CHUANG, CHI-AN 莊淇安碩士東吳大學會計學系 106 This purpose of the study is to assess the relation between corporate divestiture and cumulative abnormal return of stock, the difference of cumulative abmormal return between equity carve-outs and spin-offs, and how information assymetry, division of labor and specialization, division scale affect the cumulative abnormal return of stock. Market model is adopted. The results reveal that (a) the cumulative abnormal return is negative after announcement, but positive before announcement. (b) the cumulative abnormal return from equity carve-outs are higher than that in spinoffs. (c) division of labor and specialization and division scale are significantly related to cumulative abnormal return of stocks. CHEN, YEN-PAO 陳元保 2018 學位論文 ; thesis 87 zh-TW
collection	NDLTD
language	zh-TW
format	Others
sources	NDLTD
description	碩士 === 東吳大學 === 會計學系 === 106 === This purpose of the study is to assess the relation between corporate divestiture and cumulative abnormal return of stock, the difference of cumulative abmormal return between equity carve-outs and spin-offs, and how information assymetry, division of labor and specialization, division scale affect the cumulative abnormal return of stock. Market model is adopted. The results reveal that (a) the cumulative abnormal return is negative after announcement, but positive before announcement. (b) the cumulative abnormal return from equity carve-outs are higher than that in spinoffs. (c) division of labor and specialization and division scale are significantly related to cumulative abnormal return of stocks.
author2	CHEN, YEN-PAO
author_facet	CHEN, YEN-PAO CHUANG, CHI-AN 莊淇安
author	CHUANG, CHI-AN 莊淇安
spellingShingle	CHUANG, CHI-AN 莊淇安 The Relation Between Corporate Divestiture and Cumulative Abnormal Return of Stock
author_sort	CHUANG, CHI-AN
title	The Relation Between Corporate Divestiture and Cumulative Abnormal Return of Stock
title_short	The Relation Between Corporate Divestiture and Cumulative Abnormal Return of Stock
title_full	The Relation Between Corporate Divestiture and Cumulative Abnormal Return of Stock
title_fullStr	The Relation Between Corporate Divestiture and Cumulative Abnormal Return of Stock
title_full_unstemmed	The Relation Between Corporate Divestiture and Cumulative Abnormal Return of Stock
title_sort	relation between corporate divestiture and cumulative abnormal return of stock
publishDate	2018
url	http://ndltd.ncl.edu.tw/handle/qmb3uu
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The Relation Between Corporate Divestiture and Cumulative Abnormal Return of Stock

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