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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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2007
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/709 |
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| Institution: | Singapore Management University |
| Language: | English |