Value creation from financing in equity carve-outs: Evidence from Japan

Minoru Otsubo

Journal of Economics and Business, 2013, vol. 68, issue C, 52-69

Abstract: This study examines whether and how Japanese carve-outs enhance the wealth of their parent companies’ shareholders. In considering the differences between U.S. and Japanese carve-outs, this paper focuses on financing opportunities in carve-outs and tests the parent financing hypothesis and the subsidiary financing hypothesis.

Keywords: Equity carve-out; Divestiture; IPO; Corporate restructuring (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jebusi:v:68:y:2013:i:c:p:52-69

DOI: 10.1016/j.jeconbus.2013.03.002

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