Desilas and Levanti Found That Focus-Increasing Spinoffs Had a More

question 6

True/False

Desilas and Levanti found that focus-increasing spinoffs had a more positive impact of shareholder wealth than those spinoffs which increased geographical focus.

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Definitions:

Ratification

The formal approval or confirmation of an act or agreement, making it officially valid.

Age of Majority

The legally recognized age at which an individual is considered an adult, capable of voting, entering into contracts, and performing other civil duties.

Restitution

A remedy whereby one is able to obtain the return of that which he has given the other party, or an amount of money equivalent to that which he has given the other party.

Disaffirmed Contract

A contract that has been declared void or invalid by one of the parties involved, often due to reasons like lack of capacity or legality.