The IBM–Kyndryl spin-off: a strategic divestiture?

Licursi, Alessandro (A.A. 2021/2022) The IBM–Kyndryl spin-off: a strategic divestiture? Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Rosella Santella, pp. 130. [Master's Degree Thesis]

PDF (Full text)
Download (5MB) | Preview


Corporate spin–off and value creation. What a corporate spin–off is. Rationales behind a spin–off. Different forms of corporate divestitures. Advantages and disadvantages of a spin-off. Literature review. Story and rationales behind decision. IBM corporate culture across market evolution, technology innovation and antitrust regulation. Discussion of significant IBM divestures. Kyndryl spin-off. Outcome analysis. Brief introduction to event study methodology. Event study analysis of IBM stock performance. Event study analysis of Kyndryl stock performance. Compared stock performance analysis. Financial analysis. Evaluation of stakeholders’ outcomes. Discussion of the findings and future perspectives.


Bibliografia: pp. 121-130.

Thesis Type: Master's Degree Thesis
Institution: Luiss Guido Carli
Degree Program: Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair: Advanced corporate finance
Thesis Supervisor: Santella, Rosella
Thesis Co-Supervisor: Murro, Pierluigi
Academic Year: 2021/2022
Session: Autumn
Deposited by: Alessandro Perfetti
Date Deposited: 16 Feb 2023 16:06
Last Modified: 16 Feb 2023 16:06


Downloads per month over past year

Repository Staff Only

View Item View Item