Corporate restructuring: film characteristics and performance

Theoretically, corporate restructuring is meant to remove firms' operating and financial constraints and improve firm perfonnance. However, corporate restructuring announcement might be interpreted differently by the market. Using event-study method, this study examines the impact of corporate...

Full description

Bibliographic Details
Main Authors:	Fauzias Mat Nor, Norazlan Alias, Mohd Hasimi Yaacob
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2008
Online Access:	http://journalarticle.ukm.my/8083/ http://journalarticle.ukm.my/8083/ http://journalarticle.ukm.my/8083/1/851-1625-1-SM.pdf

id	ukm-8083
recordtype	eprints
spelling	ukm-80832016-12-14T06:46:09Z http://journalarticle.ukm.my/8083/ Corporate restructuring: film characteristics and performance Fauzias Mat Nor, Norazlan Alias, Mohd Hasimi Yaacob, Theoretically, corporate restructuring is meant to remove firms' operating and financial constraints and improve firm perfonnance. However, corporate restructuring announcement might be interpreted differently by the market. Using event-study method, this study examines the impact of corporate restructuring announcements made by selected firm on their stock prices. Overall, the effect of the restructuring announcements, made by these companies on stock prices was significant while the average two years of return on total assets and return on operating cash flow in the post restructuring period were mixed. Evidence also indicates that debt reduction, refocusing and alignment of interest between management and shareholders through board of directors' ownership do not constitute the main focus for some finns in the post restructuring period. Penerbit Universiti Kebangsaan Malaysia 2008 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/8083/1/851-1625-1-SM.pdf Fauzias Mat Nor, and Norazlan Alias, and Mohd Hasimi Yaacob, (2008) Corporate restructuring: film characteristics and performance. Jurnal Pengurusan, 27 . pp. 129-141. ISSN 0127-2713 http://ejournal.ukm.my/pengurusan/issue/view/209
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	Theoretically, corporate restructuring is meant to remove firms' operating and financial constraints and improve firm perfonnance. However, corporate restructuring announcement might be interpreted differently by the market. Using event-study method, this study examines the impact of corporate restructuring announcements made by selected firm on their stock prices. Overall, the effect of the restructuring announcements, made by these companies on stock prices was significant while the average two years of return on total assets and return on operating cash flow in the post restructuring period were mixed. Evidence also indicates that debt reduction, refocusing and alignment of interest between management and shareholders through board of directors' ownership do not constitute the main focus for some finns in the post restructuring period.
format	Article
author	Fauzias Mat Nor, Norazlan Alias, Mohd Hasimi Yaacob,
spellingShingle	Fauzias Mat Nor, Norazlan Alias, Mohd Hasimi Yaacob, Corporate restructuring: film characteristics and performance
author_facet	Fauzias Mat Nor, Norazlan Alias, Mohd Hasimi Yaacob,
author_sort	Fauzias Mat Nor,
title	Corporate restructuring: film characteristics and performance
title_short	Corporate restructuring: film characteristics and performance
title_full	Corporate restructuring: film characteristics and performance
title_fullStr	Corporate restructuring: film characteristics and performance
title_full_unstemmed	Corporate restructuring: film characteristics and performance
title_sort	corporate restructuring: film characteristics and performance
publisher	Penerbit Universiti Kebangsaan Malaysia
publishDate	2008
url	http://journalarticle.ukm.my/8083/ http://journalarticle.ukm.my/8083/ http://journalarticle.ukm.my/8083/1/851-1625-1-SM.pdf
first_indexed	2023-09-18T19:51:29Z
last_indexed	2023-09-18T19:51:29Z
_version_	1777406248517369856

Corporate restructuring: film characteristics and performance

Similar Items