Off Track: The Disappearance of Tracking Stocks

2014 ◽  
Vol 26 (4) ◽  
pp. 98-105
Author(s):  
Travis Davidson ◽  
Joel Harper
Keyword(s):  
Tracking Stocks

Tracking Stocks and the Acquisition of Real Options

CFA Digest ◽  
2001 ◽  
Vol 31 (2) ◽  
pp. 101-102
Author(s):  
Frank T. Magiera
Keyword(s):  
Real Options ◽  
Tracking Stocks

Tracking Stocks

2004 ◽  
Vol 56 (7) ◽  
pp. 666-684
Author(s):  
Sabine Langner
Keyword(s):  
Tracking Stocks

Ex-post stock return behaviour of corporate restructurings and corporate control

2016 ◽  
Vol 15 (4) ◽  
pp. 484-498
Author(s):  
Dongnyoung Kim ◽  
Tih Koon Tan
Keyword(s):  
Stock Returns ◽  
Stock Return ◽  
Ordinary Least Squares ◽  
Least Squares Regression ◽  
Content Type ◽  
Tracking Stocks ◽  
Ex Post ◽  
Corporate Restructurings ◽  
Tracking Stock ◽  
And Control

Purpose This paper aims to investigate the correlation between stock returns of the parent and newly created entity and the degree of return skewness in parents in the three different corporate restructurings. Design/methodology/approach Using a sample of spin-offs, equity carve-outs and tracking stocks, ordinary least squares regression is used to test the relationship between stock return correlation as well as stock return skewness and the type of corporate restructurings. Findings Tracking stock offering has the largest correlation in stock returns, whereas spin-off has the least correlation in stock returns. Also, the result from the skewness test is not consistent with the hypothesis that the stock returns skewness is positively related to the degree of ownership and control. Originality/value This is one of the few papers looking at the three corporate restructurings and their return skewness.

Sign in / Sign up

Export Citation Format

Share Document