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

127 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Ownership of Corporations (2016, background): “For example, controlling shareholders may refrain from pursuing certain corrective actions (e.g., Bhaumik, Driffield, & Pal, 2010; Brauer & Wiersema, 2012) because such interference in firm affairs may be considered illegitimate, or they can conceal their actions (Oliver, 1991) and engage in…”
To Merge, Sell, or Liquidate? Socioemotional Wealth, Family Control, and the Choice of Business Exit (2019, unknown): “In addition, empirical evidence suggests that stakeholders react positively to both sale and liquidation decisions (Alexander et al., 1984; Jain, 1985; Lang et al., 1995) and that such decisions provide a positive owner wealth effect (Brauer & Wiersema, 2012; Lee & Madhavan, 2010).”