Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/80434
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dc.contributorSchool of Accounting and Finance-
dc.creatorLaw, J-
dc.creatorYu, W-
dc.date.accessioned2019-03-26T09:17:09Z-
dc.date.available2019-03-26T09:17:09Z-
dc.identifier.issn1673-7326-
dc.identifier.urihttp://hdl.handle.net/10397/80434-
dc.language.isoenen_US
dc.publisherHigher Education Pressen_US
dc.rights© The Author(s). 2018 Open Access This article is distributed under the terms of the Creative Commons Attribution 4.0 InternationalLicense (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium,provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, andindicate if changes were made.en_US
dc.rightsThe following publication Law, J., & Yu, W. (2018). Corporate spinoffs and executive compensation. Frontiers of Business Research in China, 12(1), 23, 1-25 is available at https://dx.doi.org/10.1186/s11782-018-0043-9en_US
dc.subjectSpinoffsen_US
dc.subjectCorporate governanceen_US
dc.subjectCEO compensationen_US
dc.titleCorporate spinoffs and executive compensationen_US
dc.typeJournal/Magazine Articleen_US
dc.identifier.spage1-
dc.identifier.epage25-
dc.identifier.volume12-
dc.identifier.issue1-
dc.identifier.doi10.1186/s11782-018-0043-9-
dcterms.abstractThis paper investigates the impact of corporate spinoffs on executive compensation. We find no significant association between executive compensation and stock returns prior to spinoffs, but a significant positive association between the two afterwards. We also find evidence that corporate governance generally improves after the spinoff. In addition, the positive association between executive compensation and stock returns is more pronounced for firms with greater improvements in their corporate governance. Overall, our findings support the notion that spinoffs create value by reducing agency costs.-
dcterms.accessRightsopen accessen_US
dcterms.bibliographicCitationFrontiers of business research in China, Dec. 2018, v. 12, no. 1, 23, p. 1-25-
dcterms.isPartOfFrontiers of business research in China-
dcterms.issued2018-
dc.identifier.isiWOS:000452859600001-
dc.identifier.eissn1673-7431-
dc.identifier.artn23-
dc.description.validate201903 bcrc-
dc.description.oaVersion of Recorden_US
dc.identifier.FolderNumberOA_IR/PIRAen_US
dc.description.pubStatusPublisheden_US
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