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
Themen
- Wirtschaftswissenschaften
- Betriebswirtschaft
- Management
- Unternehmensorganisation & Entwicklungsstrategien
- Wirtschaftswissenschaften
- Betriebswirtschaft
- Management
- Unternehmensorganisation & Entwicklungsstrategien
- Wirtschaftswissenschaften
- Betriebswirtschaft
- Unternehmensfinanzen
- Finanzierung, Investition, Leasing