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The ongoing contributions of spin-off research and practice to understanding corporate restructuring and wealth creation: $100 billion in 1 decade

Business

The ongoing contributions of spin-off research and practice to understanding corporate restructuring and wealth creation: $100 billion in 1 decade

J. E. Owers and B. S. Sergi

This groundbreaking study by James E. Owers and Bruno S. Sergi delves into the world of spin-offs, revealing how these corporate restructurings have generated an astounding $100 billion in value. By analyzing 249 voluntary spin-offs from US public companies over a decade, the research uncovers significant abnormal returns that excite both investors and scholars alike.

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Playback language: English
Abstract
This paper reviews the theory and empirical research on spin-off restructuring and measures the monetary value created by spin-offs. It examines equity price reactions around the announcements of 249 voluntary spin-offs by US public companies (2007–2017), finding abnormal returns consistent with earlier research. The study calculates that spin-offs created almost $100 billion in value during this period.
Publisher
Humanities and Social Sciences Communications
Published On
Jun 03, 2021
Authors
James E. Owers, Bruno S. Sergi
Tags
spin-offs
restructuring
equity price reactions
abnormal returns
monetary value
empirical research
US public companies

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