๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

The FCC and the aftermath of divestiture

โœ Scribed by Fowler, M.


Book ID
117890983
Publisher
IEEE
Year
1985
Tongue
English
Weight
471 KB
Volume
23
Category
Article
ISSN
0163-6804

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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