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On Corporate Divestiture

โœ Scribed by Hsiu-Lang Chen; Re-Jin Guo


Book ID
106516157
Publisher
Springer US
Year
2005
Tongue
English
Weight
217 KB
Volume
24
Category
Article
ISSN
0924-865X

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This study investigates economic causes and consequences of large corporate divestitures between 1983 and 1987. Prior empirical evidence suggests that ยฎrms hold on to poorly performing operating units for many years before divestiture. An agency-cost explanation for `holding on to losers' has been p