The Institutionalization of Divestitures

A Meta-Analysis of Stock Market Performance

• Author(s): Miriam Flickinger,
• Publisher: Springer-Verlag
• Pages: 110
• ISBN_10: 3834994677
  ISBN_13: 9783834994677
  
• Language: en
• Categories: Business & Economics / Strategic Planning , Business & Economics / Leadership , Business & Economics / Management ,

Description:... Miriam Flickinger investigates the stock market reaction to divestiture announcements from an institutionally-based perspective. Using meta-analytic procedures, the author extends the present financially dominated understanding of divestiture performance implications. She shows that divestitures are socially embedded when the value of a firm’s divestiture depends on the prevailing institutional logics within the business society.