Research on Performance of Divesting Firms: Evidence from Listed Corporate in China

DOI

10.2991/iceeim-14.2014.83How to use a DOI?

Keywords

listed corporate, assets divestiture, performance of divestiture

Abstract

This study tests the performance of divestiture with the sample of divesting firms listed in the China SSE and SZSE over the time period 2004-08 with a dataset from SINOFIN and RESSET and the methods of factor analysis and independent sample T test. The findings reveal that the divest does not improve the performance in the first and second year after divested, but the impact of divest on firm long-term performance is significant in the third year after divested. The divest improves the performance in the fourth year after divested, but the impact of divestment on firm performance is not significant..

Copyright

© 2014, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Chunxiao Sun
AU  - Chunyan Li
PY  - 2014/04
DA  - 2014/04
TI  - Research on Performance of Divesting Firms: Evidence from Listed Corporate in China
BT  - Proceedings of the 2014 International Conference on e-Education, e-Business and Information Management
PB  - Atlantis Press
SP  - 288
EP  - 291
SN  - 1951-6851
UR  - https://doi.org/10.2991/iceeim-14.2014.83
DO  - 10.2991/iceeim-14.2014.83
ID  - Sun2014/04
ER  -