This chapter surveys the empirical literature on corporate breakup transactions (divestitures,
spinoffs, equity carveouts, tracking stocks), leveraged recapitalizations, and leveraged …

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

This study investigates the certification effect of a firm's strategic alliance network on initial
public offerings using a large data set involving 3860 IPO events from the US IPO market …

ABSTRACT Manuscript Type: Empirical Research Question/Issue: The study seeks to
understand whether the proximity of the largest shareholder (controller) to the locus of …

We investigate IPO market efficiency using a sample of equity carve-outs offered during the
period of 1985–2005. Unlike IPOs examined in previous studies where trading during the …

This study examines the effects of crisis and post-crisis periods on the performance of
Bumiputera-controlled companies in Malaysia. A sample of 33 Bumiputera-controlled …

A firm's announcement that it intends to restructure based on tracking stock is usually
associated with a positive stock price reaction, at least in the short run. Typically, this …

I examine the roles of valuable internal capital markets, cross‐subsidization, and insider
ownership as determinants of choice between tracking stock and spin‐offs in corporate …

Several studies have evaluated short-and long-term performances of parent firms who resort
to restructuring via tracking stock or minority carve-out. Results show that short-term positive …

In finance literature, it is frequently encountered that the terms “mergers and acquisitions”
are often used interchangeably. In a merger deal, two separate entities combine, leaving …