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초록
영어
This paper investigates the long-run operating performance following firms' asset sale from 1990 to 2007 in Korea. The operating performance are substantially worse than their matching firms in the three years after the sale. This paper also examines the relevance of the focus hypothesis, the financing hypothesis, and the agency hypothesis to explain the asset sale decision. We fail to find support for the three hypotheses.
목차
Abstract
I. Introduction
II. Literature Review
III. Data and Methodology
1. Data
2. Samples and Matches
3. Variables
IV. Results
1. Pre-asset sale period
2. Post-asset sale period
3. Difference between Reasons
4. Difference between Periods
V. Conclusion
References
I. Introduction
II. Literature Review
III. Data and Methodology
1. Data
2. Samples and Matches
3. Variables
IV. Results
1. Pre-asset sale period
2. Post-asset sale period
3. Difference between Reasons
4. Difference between Periods
V. Conclusion
References
저자정보
참고문헌
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