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Divestments in Banking. Preliminary Evidence on the Role of External Factors

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  • Krzysztof Jackowicz
  • Oskar Kowalewski

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  • Krzysztof Jackowicz & Oskar Kowalewski, 2011. "Divestments in Banking. Preliminary Evidence on the Role of External Factors," Contemporary Economics, Vizja University, vol. 5(2), June.
    • Handle: RePEc:wyz:journl:id:207
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    1. Ahn, Seoungpil & Denis, David J., 2004. "Internal capital markets and investment policy: evidence from corporate spinoffs," Journal of Financial Economics, Elsevier, vol. 71(3), pages 489-516, March.
    2. Zhou, Yue Maggie & Li, Xiaoyang & Svejnar, Jan, 2011. "Subsidiary divestiture and acquisition in a financial crisis: Operational focus, financial constraints, and ownership," Journal of Corporate Finance, Elsevier, vol. 17(2), pages 272-287, April.
    3. Man K. Leung & Trevor Young & Michael K. Fung, 2008. "The entry and exit decisions of foreign banks in Hong Kong," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 29(6), pages 503-512.
    4. Afshar, K. A. & Taffler, R. J. & Sudarsanam, P. S., 1992. "The effect of corporate divestments on shareholder wealth: The UK experience," Journal of Banking & Finance, Elsevier, vol. 16(1), pages 115-135, February.
    5. Guedes, Jose & Parayre, Roch, 1997. "Managerial reputation and divisional sell-offs: A model and empirical test," Journal of Banking & Finance, Elsevier, vol. 21(8), pages 1085-1106, August.
    6. Owen, Sian & Yawson, Alfred, 2006. "Domestic or international: Divestitures in Australian multinational corporations," Global Finance Journal, Elsevier, vol. 17(2), pages 282-293, December.
    7. Denis, David J & Denis, Diane K & Sarin, Atulya, 1997. "Agency Problems, Equity Ownership, and Corporate Diversification," Journal of Finance, American Finance Association, vol. 52(1), pages 135-160, March.
    8. Aneta Hryckiewicz & Oskar Kowalewski, 2011. "Why Do Foreign Banks Withdraw from Other Countries?," International Finance, Wiley Blackwell, vol. 14(1), pages 67-102, April.
    9. Gönül Çolak & Toni M. Whited, 2007. "Spin-offs, Divestitures, and Conglomerate Investment," The Review of Financial Studies, Society for Financial Studies, vol. 20(3), pages 557-595.
    10. Denis, David J. & Kruse, Timothy A., 2000. "Managerial discipline and corporate restructuring following performance declines," Journal of Financial Economics, Elsevier, vol. 55(3), pages 391-424, March.
    11. Gleason, Kimberly C. & Mathur, Ike & Singh, Manohar, 2000. "Wealth effects for acquirers and divestors related to foreign divested assets," International Review of Financial Analysis, Elsevier, vol. 9(1), pages 5-20, February.
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