Asset Sales

Claudia Curi is a Senior Assistant Professor of Finance at the Faculty of Economics and Management at the Free University of Bozen-Bolzano (Italy). Prior to joining unibz, she was a research economist at the Central Bank of Luxembourg and a postdoc researcher at the Luxembourg School of Finance. Her research focuses on corporate finance and financial intermediation.Maurizio Murgia is a Professor of Finance at the Faculty of Economics and Management at the Free University of Bozen-Bolzano (Italy). His has held academic appointments at Cass Business School, City University of London (UK), and the Department of Business at the University of Pavia (Italy). His research focuses on corporate finance and financial markets.

• 1 Introduction1.1 Why do asset sales matter in corporate restructuring and financing?1.2 The focus of this book2 Asset Sales: Markets and Selling Procedure2.1 Corporate Asset Markets2.2 Structuring Asset Sale Transaction2.3 Auctions and Bilateral Negotiations3. Asset Sales in the Theory of Finance3.1 Efficiency theory3.2 Financing theory3.3 Asset sales in banking theory4. Empirical research and stylized facts4.1 Efficient restructuring with asset sales4.1.1 Non-financial firms4.1.2 Banks and financial intermediaries4.2 Financing with asset sales4.2.1 Non-financial firms4.2.2 Banks and Financial Intermediaries4.2.3 Privatizations5. Conclusions and avenue