摘要: During the 1980s a large number of firms refocused or down-scoped using multiple divestitures. This paper reviews recent empirical research (1983-1996) to isolate and identify antecedent conditions that lead downscoping its outcomes. Antecedent include changing environmental conditions, firm governance, ineffective strategy, poor performance, financial restructuring. Outcomes process examine how strategy has changed effect on employees performance. I develop model classify into topic areas discuss future directions related issues.
sagepub.com
sci-hub.se 参考文章(100)
Robert E. Hoskisson, Michael A. Hitt, R. Duane Ireland, MERGERS AND ACQUISITIONS AND MANAGERIAL COMMITMENT TO INNOVATION IN M-FORM FIRMS ,(1990)
Michael E. Porter, From Competitive Advantage to Corporate Strategy Readings in Strategic Management. pp. 234- 255 ,(1989) , 10.1007/978-1-349-20317-8_17
Constantinos Markides, Corporate refocusing and economic performance, 1981-1987 U.M.I.. ,(1990)
James A Brickley, Leonard D Van Drunen, Internal corporate restructuring Journal of Accounting and Economics. ,vol. 12, pp. 251- 280 ,(1990) , 10.1016/0165-4101(90)90050-E
Gailen L. Hite, James E. Owers, Ronald C. Rogers, The market for interfirm asset sales:Partial sell-offs and total liquidations Journal of Financial Economics. ,vol. 18, pp. 229- 252 ,(1987) , 10.1016/0304-405X(87)90040-7
Gordon Donaldson, Voluntary restructuring Journal of Financial Economics. ,vol. 27, pp. 117- 141 ,(1990) , 10.1016/0304-405X(90)90023-S
Patrick J. Cusatis, James A. Miles, J.Randall Woolridge, Restructuring through spinoffs: The stock market evidence Journal of Financial Economics. ,vol. 33, pp. 293- 311 ,(1993) , 10.1016/0304-405X(93)90009-Z
Kevin J. Murphy, Corporate performance and managerial remuneration: An empirical analysis Journal of Accounting and Economics. ,vol. 7, pp. 11- 42 ,(1985) , 10.1016/0165-4101(85)90026-6
David J. Ravenscraft, F. M. Scherer, Mergers, sell-offs, and economic efficiency ,(1987)
Katherine Schipper, Abbie Smith, A comparison of equity carve-outs and seasoned equity offerings Journal of Financial Economics. ,vol. 15, pp. 153- 186 ,(1986) , 10.1016/0304-405X(86)90053-X