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http://hdl.handle.net/10419/25226
  

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dc.contributor.authorDecker, Carolinen_US
dc.contributor.authorMellewigt, Thomasen_US
dc.date.accessioned2008-02-20en_US
dc.date.accessioned2009-07-23T15:03:15Z-
dc.date.available2009-07-23T15:03:15Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/25226-
dc.description.abstractThe purpose of this study is to extend the current understanding of business divestiture by investigating its potential for triggering strategic reorientation. A divestiture involving strategic reorientation is here denoted as a strategic business exit, otherwise it is a status quopreserving business exit. The motives for divestiture specified in prior studies are mainly associated with firm financial performance and corporate strategy. Most studies investigate their impact on divestiture separately though both may interact. This study contributes to research by, first, distinguishing divestiture types, and, second, empirically testing the influence of performance and strategy both separately and in conjunction on the choice between strategic and status quo-preserving business exit with secondary data on 213 divestitures during 1999-2004 which were undertaken by a cross-industry sample of 91 firms listed in the German CDAX. The findings mainly indicate that firm financial performance is a stronger predictor of strategic business exit than corporate strategy.en_US
dc.language.isoengen_US
dc.publisherSFB 649, Economic Risk Berlinen_US
dc.relation.ispartofseriesSFB 649 discussion paper 2007,054en_US
dc.subject.jelG34en_US
dc.subject.jelL11en_US
dc.subject.jelL25en_US
dc.subject.jelM10en_US
dc.subject.ddc330en_US
dc.subject.keyworddivestitureen_US
dc.subject.keywordexiten_US
dc.subject.keywordstrategic reorientationen_US
dc.subject.keywordperformanceen_US
dc.subject.keywordstrategyen_US
dc.subject.keyworddiversificationen_US
dc.subject.stwDesinvestitionen_US
dc.subject.stwMarktaustritten_US
dc.subject.stwWettbewerbsstrategieen_US
dc.subject.stwUnternehmensentwicklungen_US
dc.subject.stwDeutschlanden_US
dc.titleThe drivers and implications of business divestiture: an application and extension of prior findingsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn558614493en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:SFB 649 Discussion Papers, HU Berlin

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