Industry Divestiture Waves: How a Firm's Position Influences Investor Returns

Material TypeArticleLanguageEnglish
TitleIndustry Divestiture Waves: How a Firm's Position Influences Investor Returns Author(S)Matthias F. Brauer (Author)
Abstract  Because of the “opaque” nature of divestitures, investors face considerable uncertainty in evaluating divestiture decisions and thus may look to a firm's social context, defined in terms of the pervasiveness of divestiture activity in its industry, to infer the quality of such a decision. ...Paginationp 1472-1492
SubjectManagementDescriptorsManagement
Journal TitleThe Academy of Management Journal  
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