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Corporate restructuring is a widely adopted mode of improving efficiency and firm performance and has been studied in …
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) efficiency improvements arise following spin-offs. We show that spin-offs increase total factor productivity (TFP) and that such … productivity improvements are long-lived. This post spin-off productivity improvement can be attributed to cost savings but not to …-off. We identify acquisitions following spin-offs and find that while productivity improvements occur immediately after the …
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