|
EconStor >
Humboldt-Universität Berlin >
Sonderforschungsbereich 649: Ökonomisches Risiko, Humboldt-Universität Berlin >
SFB 649 Discussion Papers, HU Berlin >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/25226
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Decker, Carolin | | en_US |
| dc.contributor.author | | Mellewigt, Thomas | | en_US |
| dc.date.accessioned | | 2008-02-20 | | en_US |
| dc.date.accessioned | | 2009-07-23T15:03:15Z | | - |
| dc.date.available | | 2009-07-23T15:03:15Z | | - |
| dc.date.issued | | 2007 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/25226 | | - |
| dc.description.abstract | | The 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.iso | | eng | | en_US |
| dc.publisher | | SFB 649, Economic Risk Berlin | | en_US |
| dc.relation.ispartofseries | | SFB 649 discussion paper 2007,054 | | en_US |
| dc.subject.jel | | G34 | | en_US |
| dc.subject.jel | | L11 | | en_US |
| dc.subject.jel | | L25 | | en_US |
| dc.subject.jel | | M10 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | divestiture | | en_US |
| dc.subject.keyword | | exit | | en_US |
| dc.subject.keyword | | strategic reorientation | | en_US |
| dc.subject.keyword | | performance | | en_US |
| dc.subject.keyword | | strategy | | en_US |
| dc.subject.keyword | | diversification | | en_US |
| dc.subject.stw | | Desinvestition | | en_US |
| dc.subject.stw | | Marktaustritt | | en_US |
| dc.subject.stw | | Wettbewerbsstrategie | | en_US |
| dc.subject.stw | | Unternehmensentwicklung | | en_US |
| dc.subject.stw | | Deutschland | | en_US |
| dc.title | | The drivers and implications of business divestiture: an application and extension of prior findings | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 558614493 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | SFB 649 Discussion Papers, HU Berlin
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|