Corporate Spin-Offs: Strategy for the 1980s.
本书基于对高管的深度访谈，解释了公司分拆（一种产生新上市公司的资产剥离方式）对公司和股东的预期收益，并探讨了分拆的动机、操作、会计税务及对股东财富的影响，附有四个案例研究。
Ronald J. Kudla and Thomas H. McInish explore the implications and advantages of the spin-off, a type of business divestiture which results in a new, separate, publicly held operating company. Using information from in-depth interviews with executives experienced in such divestitures, the authors explain the anticipated benefits to the corporation, as well as to the stockholders of the parent firm. They also explore involuntary spin-offs such as in the recent case of American Telephone and Telegraph--the largest spin-off in history. In successive chapters the authors describe and illustrate the motives for spin-offs, the mechanical aspects, accounting and tax aspects, and the effects of spin-offs on shareholder wealth. Finally, they present four specific case studies of spin-offs.