Asymmetric Information and Conglomerate Discount: Evidence from Spinoffs

The existing literature argues that diversified firms may be undervalued due to information asymmetry between a firm’s management and the market. Splitting the firm’s divisions into multiple business components will facilitate the market valuation of each component more accurately. We investigate th...

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Bibliographic Details
Main Authors: Jing, Pan, DING, David K., Charoenwong, C.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2007
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/709
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Institution: Singapore Management University
Language: English