Three theoretical perspectives summarize diversification antecedents and performance
outcomes. The first perspective examines diversification under the assumption of relative …

In strategic management research, divestitures have mostly been treated as side aspects or
mirror images of even broader phenomena such as corporate restructuring or mergers and …

Both inadequate governance and inappropriate strategy have been proposed as
antecedents of the divestment activity of restructuring firms in the 1980s. We combined both …

During the 198Os, many conglomerates and other diversified firms reduced their
diversification by refocusing on their core businesses. This paper provides an economic …

During the 1980s, many diversified firms reduced their diversification by refocusing. This
study examined whether this refocusing created market value for the companies involved. It …

Corporate restructuring that is sparked by the threat of a takeover provides evidence that
corporate governance limits of large diversified (M-form) firms may exist. This paper …

During the 1980s a large number of firms refocused or downscoped using multiple
divestitures. This paper reviews recent empirical research (1983–1996) to isolate and …

During the 1980s, many conglomerates and other diversified firms reduced their
diversification by refocusing on their core businesses. This paper provides an economic …

Large firms with portfolios of unrelated businesses throughout the world's emerging
economies, as well as many developed economies, are seeking to restructure their business …

In the 1990s and 2000s publicly quoted companies acquired thousands of accounting
partnerships in Australia, the United Kingdom (UK) and the United States (US). Little is …