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

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  • Otsubo, Minoru

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.

Suggested Citation

  • Otsubo, Minoru, 2013. "Value creation from financing in equity carve-outs: Evidence from Japan," Journal of Economics and Business, Elsevier, vol. 68(C), pages 52-69.
  • Handle: RePEc:eee:jebusi:v:68:y:2013:i:c:p:52-69
    DOI: 10.1016/j.jeconbus.2013.03.002
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    References listed on IDEAS

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    1. repec:eee:finsta:v:34:y:2018:i:c:p:121-135 is not listed on IDEAS

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