Title :
Empirical analysis of China´s listed firms´ divestitures
Author :
Cui Lihua ; Quan Huizi
Author_Institution :
Sch. of Econ. & Manage., Yanbian Univ., Yanji, China
Abstract :
This paper has chosen 336 listed firms which implemented strategy of divestitures during 2004-2007 as research objectives, using event study on analysis, in order to research listed firms´ market performance on divestiture in China. The result shows that share price increases constantly and firms can gain positive cumulative average abnormal returns in a certain period around the announcement date.
Keywords :
financial management; market opportunities; organisational aspects; share prices; cumulative average abnormal returns; empirical analysis; listed firms divestitures; market performance; share price; Companies; Educational institutions; Indexes; Security; Share prices; divestiture; event study; listed firm;
Conference_Titel :
Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on
Conference_Location :
Deng Leng
Print_ISBN :
978-1-4577-0535-9
DOI :
10.1109/AIMSEC.2011.6010935
