Asymmetric information and conglomerate discount: Evidence from spinoffs

Asymmetric information and conglomerate discount: Evidence from spinoffs

The existing literature argues that diversified firms may be undervalued due to the information asymmetry between a firm's management and the market. Splitting the firm's divisions into multiple business components is thought to facilitate the market valuation of each component more accura...

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Bibliographic Details
Main Authors: CHAROENWONG, Charlie, DING, Kuan Yong David, PAN, Jing
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2008
Subjects:
Asymmetric information
diversified firms
conglomerate discount
spinoff
Finance
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6444
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7443/viewcontent/SSRN_id1103724.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/6444
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7443/viewcontent/SSRN_id1103724.pdf

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