Valuation effects of foreign divestitures

Article Abstract:

Liquidation of foreign assets result in positive announcement period effects. Announcement period valuation effects of foreign liquidation are not relevantly dissimilar to domestic divestitures. The market responds positively to strategy-related domestic sell-offs. Strategy-related sell offs or spin offs occur when parent companies decide to liquidate foreign assets that are performing poorly or to restructure operations to focus on core businesses. Whereas, if parent companies decide to liquidate foreign assets for financial reasons, the market perceive and respond to it negatively.

Divestiture Analysis, Analysis, International aspects, Corporate divestiture, Divestiture, Liquidation

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Rent extraction, principal-agent relationships, and pricing strategies: vendor licensing during the 1996 Olympic Games in Atlanta

Article Abstract:

The vendor arrangement between Atlanta, GA, and B.G. Swing for the 1996 Olympic Games is discussed. It is argued that the deal with B.G. Swing to sell vendor permits, along with restrictions on illegal vending, was an attempt by Atlanta to allow vendors to gain consumer surplus from those attending the Olympic Games. B.G. Swing was also able to gain monopoly profits from vendors.

Research, Licensing agreements, Distributors (Commerce), Agency (Law)

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