Divestitures and the liquidity of the market for corporate assets

By Frederik Schlingemann, René M. Stulz, R. Walkling. 2002

377 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/8681299cb049e3dff3b608e7dd96165a8f5033a2

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Finance

In Strategy and Management

Citations in the corpus

Negotiations Under the Threat of an Auction (2010, positive): “This variable, originated and named by Schlingemann et al. (2002), is”
Firm size and the gains from acquisitions (2004, methodology): “As a measure of how active the market for mergers and acquisitions is in an industry , we use ( following Schlingemann et al .”
Political Connectedness and Firm Performance: Evidence from Germany (2010, methodology): “To compute Tobin’s Q, we use the method suggested in Schlingemann et al. (2002): Tobin’s Q is defined as the ratio of the book value of assets minus the book value of equity plus the market value of equity to the book value of assets.”
Serial Acquirer Bidding: An Empirical Test of the Learning Hypothesis (2011, background): “…Vishny, 2003), the liquidity index (which captures the intensity of intercorporate transactions at the industry level and correlates with M&A waves; Schlingemann et al., 2002), and the number of deals completed by the CEO in the previous 24 months (e.g., Schipper and Thompson, 1983; Malatesta and…”
The Role of Trading Frictions in Real Asset Markets (2011, background): “In a cross-industry study of corporate asset sales, Schlingemann et al. (2002) report a crossindustry average turnover of assets (measured in dollar values) of five percent.”
Do Shareholders of Acquiring Firms Gain from Acquisitions? (2003, neutral): “5 Schwert (2000) finds a positive coefficient on bidder size when examining cumulative abnormal returns from day 63 before the announcement to day 126 after the announcement.”
Bond market access and investment (2014, methodology): “Following Schlingemann et al. (2002), we also control for the liquidity of the market for corporate assets within an industry by including the Industry M&A Liquidity measure in our regressions.”