Equity Carveouts, Agency Costs, and Firm Value

By Lukas Junker

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.

• Format: Paperback
• Language: English
• ISBN: 3835000926
• ISBN13: 9783835000926
• Release Date: September 2005
• Publisher: Deutscher Universitatsverlag
• Length: 445 Pages
• Weight: 1.23 lbs.
• Dimensions: 0.9" x 5.8" x 8.3"