Spin-offs, Diversifikation und Shareholder Value

Increasing scarcity of resources and constant change in the corporate environment pose ever new challenges for companies. Management is forced to develop the ability to adapt to changing conditions and to use the resources at its disposal as efficiently as possible if it wants to survive the increasing competition for financial resources on the capital markets. This requires setting organizational priorities. It requires the loosening of resource ties where their use is not efficient or where environmental conditions demand it.In the recent past, the transaction form of the spin-off has become increasingly important in Europe when it comes to adapting companies to changing environmental conditions.Despite their considerable practical and scientific relevance, spin-offs have not been considered to be of great importance until now.