株式会社極東書店トップ ＞ 商品一覧 ＞ Equity Carveouts, Agency Costs, and Firm Value.
商品詳細
解説
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.