IDEAS home Printed from https://ideas.repec.org/a/cai/accafc/cca_231_0097.html
   My bibliography  Save this article

Spin-offs : Enjeux comptables et financiers à travers la littérature

Author

Listed:
  • Patrick Navatte
  • Guillaume Schier

Abstract

Spin-offs involve a separation of part of the initiator?s business, and appear to have multiple motivations from an accounting and financial point of view. The parent company separates from one of its divisions, whose stock is then listed on the market. The parent company may take the opportunity to meticulously prepare the flotation by managing the pre-transaction earnings of the spun-off firm. It may also use the transaction as a management tool to reduce its diversification discount on the market, or as a means of value creation. In addition to assessing the existing accounting and financial literature on spin-offs, this paper proposes a general model that offers an integrated vision of the spin-off process, which is necessary but currently lacking from existing research.

Suggested Citation

  • Patrick Navatte & Guillaume Schier, 2017. "Spin-offs : Enjeux comptables et financiers à travers la littérature," ACCRA, Association francophone de comptabilité, vol. 23(1), pages 97-125.
    • Handle: RePEc:cai:accafc:cca_231_0097
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=CCA_231_0097
    Download Restriction: free
    File URL: http://www.cairn.info/revue-comptabilite-controle-audit-2017-1-page-97.htm
    Download Restriction: free
    ---><---

    Other versions of this item:

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:accafc:cca_231_0097. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-accra.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.