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Flickinger

The Institutionalization of Divestitures

A Meta-Analysis of Stock Market Performance

Medium: Buch
ISBN: 978-3-8349-1670-9
Verlag: Gabler Verlag
Erscheinungstermin: 26.05.2009
Lieferfrist: bis zu 10 Tage

Restructuring and, therein, divestitures have become an indispensable element of corporate strategy for many firms. Divestitures, defined as a firm’s decision to dispose of a significant portion of its assets, can increase a firm’s strength by changing its asset structure and its resource allocation patterns.

Miriam Flickinger investigates the stock market reaction to divestiture announcements from an institutionally-based perspective. In the spirit of organizational theory, this perspective applies the processes of institutionalization to capital markets. It analyzes how organizational practices and policies are perceived by a capital market in which socio-organizational factors play an influential role. Using meta-analytic procedures, the author extends the present financially dominated understanding of divestiture performance implications and offers a new rationale to why shareholders consider divestitures positively. Results show that divestitures are socially embedded when the value of a firm’s divestiture depends on the prevailing institutional logics within the business society.


Produkteigenschaften


  • Artikelnummer: 9783834916709
  • Medium: Buch
  • ISBN: 978-3-8349-1670-9
  • Verlag: Gabler Verlag
  • Erscheinungstermin: 26.05.2009
  • Sprache(n): Deutsch
  • Auflage: 2009
  • Produktform: Kartoniert
  • Gewicht: 197 g
  • Seiten: 110
  • Format (B x H x T): 148 x 210 x 9 mm
  • Ausgabetyp: Kein, Unbekannt
Autoren/Hrsg.

Autoren

Weitere Mitwirkende

Divestiture Motives.- Theoretical Background of the Study.- Development of Hypotheses.- Methods.- Results.- Discussion and Conclusion.