Value Creation of Real Estate Company Spin-off Property Service Company Listing

[1] Basak, R. . (2007). Corporate restructuring through demerger: a case study on Hindustan Unilever Limited. International Journal of Business Ethics in Developing Economies, 5(2), 22-28. Search in Google Scholar

[2] Bendre, M., & Apte, N. . (2017). Study of impact of spin-offs on shareholders wealth in India. International Research Journal Of Multidisciplinary Studies, 3(10), 1-7. Search in Google Scholar

[3] Brounen, D., & Eichholtz, P. M. A. . (2005).Corporate Real Estate Ownership Implications: International Performance Evidence. The Journal of Real Estate Finance and Economics, 30(4), 429-445. Search in Google Scholar

[4] Chahine, S., & Zeidan, M. J. . (2014). Corporate governance and market performance of parent firms following equity carve-out announcements. Journal of Management & Governance, 18(2), 471-503. Search in Google Scholar

[5] Chai, D., & Lin, Z. Y., & Veld, C. . (2018).Value creation through spin-offs: Australian evidence. Australian Journal of Management, 43(3), 116-126. Search in Google Scholar

[6] Cigola, M., & Modesti, P. . (2008).A note on mergers and acquisitions. Managerial Finance, 34(4), 221-238. Search in Google Scholar

[7] Dasilas, A., & Leventis, S. . (2018). The performance of European equity carve-outs. Journal of Financial Stability, 34(2), 121-135. Search in Google Scholar

[8] Glascock, J. L., & Davidson, W. N., & Sirmans, C. F. . (1989).An Analysis of the Acquisition and Disposition of Real Estate Assets. The Journal of Real Estate Research, 4(3), 131-140. Search in Google Scholar

[9] Hite, G. L., & Owers, J. E., & Rogers, R. C. . (1984).The Separation of Real Estate Operations By Spin-off. Real Estate Economics, 12(3), 318-332. Search in Google Scholar

[10] Li, Q. Y., & Wang, Y. H., & Han, H. .(2004).Spin-off listing and shareholder value creation: reanalysis of the case of “Tongrentang”. Economic Management, 8(2), 51-59. Search in Google Scholar

[11] Mashwani, A. I., & Dereeper, S., & Dowling, M., & Aziz, S. . (2019). Learning the wealth effects from equity carve-outs. Finance Research Letters, 33(3), 118-126. Search in Google Scholar

[12] Mulherin, J. H., & Boone, A. L. . (2000). Comparing acquisitions and divestitures. Elsevier B.V, 6(2), 117-139. Search in Google Scholar

[13] Nanda, V. . (1991).On the Good News of Equity Carveouts. Journal of Finance, 38(3), 371-387. Search in Google Scholar

[14] Otsubo, M. . (2013).Value creation from financing in equity carve-outs: Evidence from Japan. Journal of Economics and Business, 68(2), 52-69. Search in Google Scholar

[15] Powell, B. C. . (2010).Equity Carve-Outs as a Technology Commercialization Strategy: An Exploratory Case Study of Thermo Electron’s Strategy. Technovation, 30(1), 37-47. Search in Google Scholar

[16] Rutherford, R. C. . (1990).Empirical Evidence on Shareholder Value and the Sale-Leaseback of Corporate Real Estate. Real Estate Economics, 18(4), 522-529. Search in Google Scholar

[17] Shi, J. J. . (2018). Analysis on the value creation of Sina spin-off Weibo listing. Accounting Friends, 21(1), 119-125. Search in Google Scholar

[18] Wang, K., & Erickson, J., & Gau, G. W. . (1993).Dividend policies and dividend announcement effects for real estate investment trusts. Real Estate Economics, 21(2), 185-201. Search in Google Scholar

[19] Wang, X. H., & Xue, H. X. . (2014).Spin-off GEM listed companies Performance Evaluation. Accounting communications, 9(3), 29-31. Search in Google Scholar

[20] Xiao, D. Y., & Luo, X., & Deng, S. Y., & Dong, X. . (2013). Motivation of enterprise spin-off and listing: market value management or expansion of financing channels and case study of one-party share spin-off and listing. Shanghai Management Science, 35(6), 72-78. Search in Google Scholar

[21] Zhang, S. H. . (2013).Research on the economic consequences of the spin-off of listed companies. Accounting and Communications, 9(3), 23-26. Search in Google Scholar