Abstract
This chapter has two objectives. First, it defines the research object (section 2.1) and analyses empirically identified and theoretical reasons of why firms engage in an ECO (section 2.2). Second, it presents the basic concepts of the efficient market hypothesis and reviews evidence for and against market efficiency (section 2.3).
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© 2006 Deutscher Universitäts-Verlag | GWV Fachverlage GmbH, Wiesbaden
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(2006). Definitions and theoretical foundations. In: Value Creation in European Equity Carve-Outs. DUV. https://doi.org/10.1007/978-3-8350-9363-8_2
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DOI: https://doi.org/10.1007/978-3-8350-9363-8_2
Publisher Name: DUV
Print ISBN: 978-3-8350-0526-6
Online ISBN: 978-3-8350-9363-8
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