摘要
对我国上市公司资产剥离的宣告效应进行实证分析后发现,样本公司剥离公告前后的一个交易日内以及剥离公告后的7个交易日内,分别有正的累积平均超常收益。这说明样本公司在剥离事件公告前后的短暂时间内,的确能够增加股东的财富。
This paper examines the announcement effects of China＇s listed firms＇ divestitures completed during 1998-2002 and finds that sample firms have positive cumulative average abnormal returns in the event windows of [-1,＋1] and [0,＋7]. The results shows that the corporate divestitures of China can increase shareholders＇ wealth in a short period around the announcement date.
出处
《电子科技大学学报》
EI
CAS
CSCD
北大核心
2006年第4期573-576,共4页
Journal of University of Electronic Science and Technology of China
关键词
资产重组
剥离
上市公司
asset restructuring
divestiture
listed finn
