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Equity Carveouts, Agency Costs, and Firm Value

- Junker, L: Equity Carveouts, Agency Costs, and Firm Value (Softcover Repri)

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  • Bog, paperback
  • Engelsk

Beskrivelse

Lukas Junker shows that in contrast to the dominantly positive assessment, on the German capital market and on a long-term basis ECOs are associated with a deterioration of firm value. This can be mainly explained by a lack of independence of the subsidiary in the typical transaction.

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