Therefore, the analysis here reviews the effect of the announcement of disinvestment on the rates of return of the disinvesting firms from 1980 to 1991, as the majority of U.
Using the daily CRSP tapes, the analysis reviews the announcement effect for all available disinvesting firms from 1980 to 1991.
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 applies each method to the disinvesting portfolio over varying event periods in order to determine the magnitude and significance, if any, of the excess or abnormal returns arising from the announcement of disinvestment from South Africa.
Dr Bennell argues that the process is not a new one, but has been going on for years, with one third of British manufacturing companies disinvesting from their African operations in the target area of his research - English Speaking Africa (ESA) - during the 1970s and 80s.
Even companies that have been in Africa for quite a long while are finding that their margins are being squeezed to a point where they are no longer worth the candle - and they are disinvesting as a result".
property in the late 1980s are disinvesting
at an accelerating rate.
While African countries are busy trying to woo new foreign investors, British companies have been quietly disinvesting from English speaking African countries.
According to the report published by the Institute of Development Studies, British companies have been quietly disinvesting from English Speaking African countries (ESA) since the beginning of the 1980s.
Some of the most important disinvesting companies include: Chloride and Lucas (car batteries), Leyland Trucks (vehicle assembly), Courtaulds (paper, packaging), Boots and Welcome (pharmaceuticals), Low and Bonar (textiles, plastics, engineering), Pilkington (glass), Raleigh (bicycles), Norcros (metal doors and window frames), Silentnight (furniture), Whitecroft (plastics, office equipment), Bain and RTZ (tools, implements), Lonrho (paper, printing and packaging, food and drink), and Allied Lyons and Dalgety (food).
The operation is part of ENDESA's ongoing policy of disinvesting
in non-strategic assets.
On Thursday, the Government Cabinet Committee on Economic has offered its approval for selling a 10% stake in the defence PSU - Hindustan Aeronautics Ltd (HAL), and it reflects the Government s carefree approach in spite of its latest jammed efforts for disinvesting
two state-run entities.