How Long to Read Equity Carve-outs in Germany

How Long Does it Take to Read Equity Carve-outs in Germany?

It takes the average reader 4 hours and 34 minutes to read Equity Carve-outs in Germany by Stephan Gellrich

Assuming a reading speed of 250 words per minute. Learn more

Description

Since the 1980s a significant increase of equity carve-outs (ECOs), i. e. the going-public of a subsidiary of an exchange-listed parent firm, could be observed. Equity carve-outs have been subject to discussion in the context of divestitures and as a method of corporate restructuring of conglomerate firms. Equity carve-out transactions are exceptional as they combine a corporate restructuring and a simultaneous financing through an initial public offering. The studies on the announcement returns of equity carve-outs focus on the restructuring aspect of the ECO transaction, i. e. the separation of a subsidiary from its conglomerate parent and the subsequent disposal. This empirical study, however, focuses on the corporate finance aspect, i. e. the capital raising in the equity carve-out transaction through an initial public offering. Some of the largest initial public offerings in Germany including the IPOs of Infineon Technologies AG (Siemens AG) and Deutsche Postbank AG (Deutsche Post AG) have been structured as equity carve-outs. Key aspects of the research interest on initial public offerings include significant positive initial returns manifested in the underpricing phenomenon and the negative long-term performance of IPO stocks. The occurrence of positive initial returns and the subsequent negative long-term performance for initial public offerings of subsidiary firms results in an "ECO Puzzle," which will be examined for the largest sample of equity carve-outs in Germany to date.

How long is Equity Carve-outs in Germany?

Equity Carve-outs in Germany by Stephan Gellrich is 272 pages long, and a total of 68,544 words.

This makes it 92% the length of the average book. It also has 84% more words than the average book.

How Long Does it Take to Read Equity Carve-outs in Germany Aloud?

The average oral reading speed is 183 words per minute. This means it takes 6 hours and 14 minutes to read Equity Carve-outs in Germany aloud.

What Reading Level is Equity Carve-outs in Germany?

Equity Carve-outs in Germany is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Equity Carve-outs in Germany?

Equity Carve-outs in Germany by Stephan Gellrich is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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