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2007-09-05Diskussionspapier DOI: 10.18452/4073
The Drivers and Implications of Business Divestiture
dc.contributor.authorDecker, Carolin
dc.contributor.authorMellewigt, Thomas
dc.date.accessioned2017-06-15T23:31:38Z
dc.date.available2017-06-15T23:31:38Z
dc.date.created2007-09-21
dc.date.issued2007-09-05
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4725
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.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectDivestitureeng
dc.subjectExiteng
dc.subjectStrategic Reorientationeng
dc.subjectPerformanceeng
dc.subjectStrategyeng
dc.subjectDiversificationeng
dc.subject.ddc330 Wirtschaft
dc.titleThe Drivers and Implications of Business Divestiture
dc.typeworkingPaper
dc.identifier.urnurn:nbn:de:kobv:11-10080055
dc.identifier.doihttp://dx.doi.org/10.18452/4073
local.edoc.pages34
local.edoc.type-nameDiskussionspapier
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-year2007
dc.title.subtitleAn Application and Extension of Prior Findings
dc.identifier.zdb2195055-6
bua.series.nameSonderforschungsbereich 649: Ökonomisches Risiko
bua.series.issuenumber2007,54

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