Answer: Research, such as research by Skantz and Marchesini, as well as that of Hite, Owers, and Rogers found that unlike divestitures, announcements of voluntary liquidations were not associated with positive shareholder wealth effects.

Question

Quizplus · Accepted Answer

Research by Skantz and Marchesini, as well as that of Hite, Owers, and Rogers, actually found that announcements of voluntary liquidations were associated with positive shareholder wealth effects, contrasting with some divestitures which may not always result in positive market reactions. This indicates that the market can view voluntary liquidations as beneficial for shareholder value under certain circumstances.

Answer: Research, Such as Research by Skantz and Marchesini, as Well