Year | Number of Events |
|---|
1990 | 4 |
1991 | 2 |
1992 | 8 |
1993 | 8 |
1994 | 8 |
1995 | 11 |
1996 | 19 |
1997 | 15 |
Total | 75 |
- This table shows the distribution of the 75 spinoff samples spanning from 1990 to 1997. The sample was first identified using the Thomson SDC database. We then confirm the spinoff events by using Lexis-Nexis or the Factiva database. To ensure we obtain a clean spinoff sample, we eliminate the sample based on the following criteria: spinoff firms that are tracking stocks; spinoff motivated by takeover defenses, bankruptcies and regulatory issues; spinoffs with parent firm which are merged within one year after spinoff; spinoff firms that are in regulated industries; spinoff firms that are ADRs; spinoff firms which were previously an equity carve-out. Firms without CEO compensation data are also excluded from the sample
