However, careful analysis of precise announcement dates available from public sources such as The Wall Street Journal and The New York Times result in a sample of 52 companies from 1977 to 1992 that had made distinct public and published announcements of disinvestment. Out of these 52 disinvesting companies, 40 had complete returns data as identified through the use of CUSIP numbers on the available version of the CRSP tapes for the relevant period of 1980 until the end of 1991.
The analysis indicates the announcement date for each firm - that is, the date a newspaper published the announced plans for disinvestment - by a dummy variable and adjusts time for all firms to "event-time" rather than calendar time so that day 0 (when the dummy variable is set equal to 1) is the common event date (announcement date) for each firm.
New Delhi, Oct 19 (ANI): The Cabinet Committee on Economic Affairs (CCEA) today gave its approval for disinvestment
of five percent paid up equity capital of National thermal Power Corporation (NTPC), out of Government's shareholding, in the domestic market through book building process.
(2) Economists have questioned the sustainability of existing models and suggested disinvestment
from some healthcare services.
Arun Shourie, minister for disinvestment
in the Vajpayee government, thought that the company could go out of business if it continued on its path.
THE CABINET on Wednesday approved the proposal for disinvestment
of 10 per cent stake in the state- owned Housing and Urban Development Corporation ( HUDCO).
19330), authors Yihui Pan, Tracy Yue Wang, and Michael Weisbach document patterns in corporate investment and disinvestment
activities over the "CEO cycle" in a large sample of publicly traded U.S.
Last year's disinvestments
were enough for Carrefour to lower its debt level, Friday's interview said.
The present government has made a policy statement that all disinvestments
would only be minority disinvestments
via Public Offers.
proposal was approved at a cabinet meeting chaired by Prime Minister Dr.
The 60-PSU Plan Having burnt its fingers in the last stint when several proposed disinvestments
did not finally take place, the UPA is following a more cautious approach.
Archbishop Andrew Hutchison has tried to assure the Jewish community that the Anglican church has no intention of proposing disinvestments
in Israeli companies.
The most important of these is Arun Shourie, the minister for disinvestments
, as privatization is known in India.
Within this category it is the PSU disinvestment
and the power, real estate and infrastructure sectors that will dominate.