华侨大学学报：哲学社会科学版Issue(1)：80-86,7.
我国上市公司海外分拆的超额收益研究
An Empirical Study of Excess Return from Chinese Listed Companies＇ Equity Carve-Outs in Overseas Capital Markets
摘要
Abstract
This paper analyzes the impacts of equity carve-outs on the stock price by the event study,which shows that,generally,equity carve-outs dedicate holding company to its core business＇ operation and help to increase the performance and price of holding company and subsidiary.However,if the holding company chooses the different capital market to operate equity carve-outs,there is a significant difference on the market＇s reaction.Generally speaking,the more familiar with subsidiary and information asymmetry the investors are,the more higher the pricing of equity carve-outs is.关键词
中国上市公司/分拆上市/事件研究法/海外市场Key words
listed companies in China/equity carve-outs/event study/overseas stock market分类
经济学引用本文复制引用
李礼,林孔团,唐海如..我国上市公司海外分拆的超额收益研究[J].华侨大学学报：哲学社会科学版,2012,(1):80-86,7.基金项目
中国证券业协会科研项目 （）
