Corporate Restructuring: Evidence from the Stock Market

Theo Vermaelen

Chapter 8 in European Industrial Restructuring in the 1990s, 1992, pp 199-223 from Palgrave Macmillan

Abstract: Abstract The purpose of this chapter is to review the empirical evidence on the effect of various forms of corporate restructuring on security prices of the firms involved. Three types of restructuring will be considered: takeovers, leveraged buyouts and stock repurchases. Because there exists a massive literature on these issues, this review will be necessarily incomplete. Although most of the studies discussed in this chapter involve US data, results on three European countries (UK, France and Belgium) will also be presented.

Keywords: Stock Price; Abnormal Return; Financial Economic; Excess Return; Free Cash Flow (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12582-1_8

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DOI: 10.1007/978-1-349-12582-1_8

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