WHEN IS A MINORITY INVESTMENT GOOD FOR THE INVESTEE?
James Dawson Bogert
(Assistant Professor, Department of Management, Oklahoma State University, Stillwater, OK 74078.)
55
Abstract
This study explains variance in one‐year abnormal returns of corporate stockholder investees. Results indicate that investee abnormal returns are negatively associated with the extent of the corporate stockholder's initial percentage of ownership, but the investee abnormal return is positive when the investee is larger and the firms are contractually related.
Citation
Dawson Bogert, J. (1996), "WHEN IS A MINORITY INVESTMENT GOOD FOR THE INVESTEE?", Studies in Economics and Finance, Vol. 16 No. 2, pp. 46-66. https://doi.org/10.1108/eb028721
Publisher
:MCB UP Ltd
Copyright © 1996, MCB UP Limited