... Dennis and McConnell(1986) on mergers, and Hite and Owers (1983) and Schipper and Smith (1983) on spin-offs A study of the formation of captive finance subsidiaries by Kim, McConnell, and Greenwood ... commodity prices, and new technology have been felt in industries ranging from transportation and communication to energy and manufacturing Mergers and divestitures, new investment, and plant closings ... transactions 18 For evidence of such losses see Alexander, Benson, and Gunderson (1986) and Wansley and Fayez (1986) References Alexander, G J., P G Benson, and E W Gunderson 1986 “Asset Redeployment:...