Divestitures and Divisional Investment Policies
By Amy K. Dittmar, A. Shivdasani. 2003
205 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/7f3d27bd7042b25507866f306533412483c0638c
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Citations in the corpus
- Spin-Offs, Divestitures, and Conglomerate Investment (2007, unknown): “They have excellent power, however, to detect non-zero cash-flow coefficients of the magnitude found in Dittmar and Shivdasani (2003). Table 7 presents the results from estimating (10) with ordinary least squares, as in Dittmar and Shivdasani (2003). As in their paper, we use only the sample of firm”
- Productivity, Restructuring, And The Gains From Takeovers (2013, unknown): “6Previous studies on investment efficiency and corporate spin-offs (Gertner, Powers, and Scharfstein, 2002; Dittmar and Shivdasani, 2003) use similar regressions and find firms’ investment sensitivities to Q rise after spin-offs.”
- What Have We Acquired and What Should We Acquire in Divestiture Research? A Review and Research Agenda (2006, background): “…of a divestiture in terms of reductions in a firm’s conglomerate discount.3 In finance research, estimates for the reduction in conglomerate discount have thus been introduced (e.g., Burch & Nanda, 2003; Dittmar & Shivdasani, 2003) but are still amiss in studies in strategic management research.”
- Internal Capital Markets and Investment Policy: Evidence from Corporate Spinoffs (2004, unknown): “2See, among others, Lang et al. (1994), John and Ofek (1995), and Dittmar and Shivdasani (2003) for evidence on the stock price reaction to divestiture announcements; Allen and McConnell (1998) for evidence on the stock price reaction to equity carve-outs; and, Hite and Owers (1983), Schipper and…”
- Empire-Building or Bridge-Building? Evidence from New CEOs' Internal Capital Allocation Decisions (2009, result): “The magnitude and significance of this improvement in Q-sensitivity are comparable to the findings in Dittmar and Shivdasani (2003), which documents an increased sensitivity of segment investment to segment”