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 …

The process of identifying and evaluating a target firm, completing a deal after its negotiation
and announcement, and then integrating a target firm after legal combination is a multi-year …

Because of the “opaque” nature of divestitures, investors face considerable uncertainty in
evaluating divestiture decisions and thus may look to a firm's social context, defined in terms …

Most research on firm financing studies debt versus equity issuance. We model an
alternative source, non-core asset sales, and identify three new factors that contrast it with …

This study analyses the effect that the institutional environment for corporate governance
and the economic cycle have on the relationship between the business portfolio …

This study examines the effect of the presence of foreign experts on a company's board on
the important characteristic of high-quality financial reporting: timeliness. We focus on …

Firms that buy assets in fire sales earn excess returns that are 2 percentage points higher
than in regular acquisitions. The mechanism behind this result is the sellers' reduced …

We provide a comparative analysis of acquirer returns in acquisitions of public firms, private
firms, and divested assets. On the basis of a sample of 5,079 acquisitions by US software …

In the spirit of methodology reviews for stock event studies, like the one prepared by Binder
(Rev Quant Financ Account 11: 111–137, 1998), this paper discusses the development of …

Drawing on organizational learning theory, this article examines the moderating influences
of different forms of internal and external sell-off experience on the relationship between firm …