Gupta, Deeksha; Kumar, Rahul; Chattopadhyay, Subir - In: Cogent economics & finance 10 (2022) 1, pp. 1-20
listed in BSE (Bombay Stock Exchange) from 2003 to 2020 which have announced the spin-offs. We employ event study methodology … highest abnormal return of 1.35% on +1 day post the event. The interval-wise analysis gives the highest CAAR of 2.64% in (+1 … outperformed the high-price script in each event window with a CAAR of 3.90% in high-price script and 7.16% in low-price script for …