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dc.contributor.advisorVirtanen, Aila
dc.contributor.authorVilppula, Joona
dc.date.accessioned2015-09-17T17:27:38Z
dc.date.available2015-09-17T17:27:38Z
dc.date.issued2015
dc.identifier.otheroai:jykdok.linneanet.fi:1495835
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/47080
dc.description.abstractCorporate spin-offs have gained popularity over the past few years. Despite of this in Finnish media and university teaching this phenomenon has gained little attention. This study aims to fulfill this knowledge gap. Spin-off is a restructuring procedure where company splits into two separate legal entities via pro-rata transaction basis. I researched this phenomenon by event-study methodology which has been quite popular also in earlier studies. I have com-pared parent and spin-off stock performance in order to reveal potential value gains for investors. Parent company is analyzed also from the announcement period where we find strong positive abnormal returns associated with announcement of spin-offs. However by comparing spin-off execution period abnormal returns I find that spin-offs performed worse than their former parents. I find no evidence that in short term spin-offs were valued more than their former parents by investors.en
dc.format.extent1 verkkoaineisto (80 sivua)
dc.language.isoeng
dc.rightsJulkaisu on tekijänoikeussäännösten alainen. Teosta voi lukea ja tulostaa henkilökohtaista käyttöä varten. Käyttö kaupallisiin tarkoituksiin on kielletty.fi
dc.rightsThis publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited.en
dc.subject.otherCorporate Spin-Offs
dc.subject.otherCorporate Restructuring
dc.subject.otherEvent-study
dc.subject.otherM&A
dc.subject.otherPortfolio restruc-turing
dc.subject.otherOrganizational restructuring
dc.subject.otherFinancial restructuring
dc.subject.otherValue creation
dc.titleCorporate spin-offs value creation : parent & spin-off view
dc.identifier.urnURN:NBN:fi:jyu-201509173137
dc.type.ontasotPro gradufi
dc.type.ontasotMaster's thesisen
dc.contributor.tiedekuntaKauppakorkeakoulufi
dc.contributor.tiedekuntaSchool of Business and Economicsen
dc.contributor.laitosTaloustieteetfi
dc.contributor.laitosBusiness and Economicsen
dc.contributor.yliopistoUniversity of Jyväskyläen
dc.contributor.yliopistoJyväskylän yliopistofi
dc.contributor.oppiaineLaskentatoimifi
dc.contributor.oppiaineAccountingen
dc.date.updated2015-09-17T17:27:38Z
dc.rights.accesslevelopenAccessfi
dc.contributor.oppiainekoodi20421
dc.subject.ysoyritysjärjestelyt
dc.subject.ysoorganisaatiot
dc.subject.ysoorganisaatiomuutokset


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