Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/25226 
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dc.contributor.authorDecker, Carolinen
dc.contributor.authorMellewigt, Thomasen
dc.date.accessioned2008-02-20-
dc.date.accessioned2009-07-23T15:03:15Z-
dc.date.available2009-07-23T15:03:15Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aHumboldt University of Berlin, Collaborative Research Center 649 - Economic Risk |cBerlinen
dc.relation.ispartofseries|aSFB 649 Discussion Paper |x2007,054en
dc.subject.jelG34en
dc.subject.jelL11en
dc.subject.jelL25en
dc.subject.jelM10en
dc.subject.ddc330en
dc.subject.keyworddivestitureen
dc.subject.keywordexiten
dc.subject.keywordstrategic reorientationen
dc.subject.keywordperformanceen
dc.subject.keywordstrategyen
dc.subject.keyworddiversificationen
dc.subject.stwDesinvestitionen
dc.subject.stwMarktaustritten
dc.subject.stwWettbewerbsstrategieen
dc.subject.stwUnternehmensentwicklungen
dc.subject.stwDeutschlanden
dc.titleThe drivers and implications of business divestiture: an application and extension of prior findings-
dc.type|aWorking Paperen
dc.identifier.ppn558614493en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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