Pham, Dung; Nguyen, Thanh; Adhikari, Hari - In: Review of Accounting and Finance 17 (2018) 1, pp. 41-57
Purpose: The purpose of this paper is to examine two different choices of corporate divestiture for US firms: selling off assets to public firms or issuing stocks in equity carve-outs. The authors identify industry-related, firm-specific, deal-related and market-timing factors that influence...