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dc.contributor.authorOwen, S.-
dc.contributor.authorShi, L.-
dc.contributor.authorYawson, A.-
dc.identifier.citationAccounting and Finance, 2010; 50(2):389-415-
dc.description.abstractWe analyse the market reaction to divestiture decisions and determine the impact of corporate governance practices. We find the market reaction is significant and can be determined using internal governance mechanisms. We evaluate the determinants of the decision to sell using a control sample of firms displaying characteristics often associated with divestitures indicating that these firms may face the same incentives to divest but elect not to restructure in this manner. Our results suggest that a combination of strong internal and external governance may force managers to act in a manner that is incompatible with their personal desires. © The Authors. Journal compilation © 2009 AFAANZ.-
dc.description.statementofresponsibilitySian Owen, Liting Shi, Alfred Yawson-
dc.publisherBlackwell Publishing-
dc.rights© The Authors. Journal compilation © 2009 AFAANZ-
dc.subjectCorporate Governance-
dc.subjectWealth Effects-
dc.titleDivestitures, wealth effects and corporate governance-
dc.typeJournal article-
dc.identifier.orcidYawson, A. [0000-0002-5000-7871]-
Appears in Collections:Aurora harvest 5
Business School publications

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