What constrains or facilitates divestitures of formerly acquired firms? The effects of organizational inertia

Katsuhiko Shimizu, Michael A. Hitt

研究成果: Article査読

126 被引用数 (Scopus)

抄録

This study examined behavioral explanations for the divestitures of formerly acquired units, particularly organizational inertia. It was argued that characteristics of parent firms and divested units reduce the likelihood of divesting a poorly performing unit. Conversely, it was also argued that change of key personnel and effective governance mechanisms increase the likelihood of such divestitures. Importantly, the results show that with age and size combined, appointment of new outside directors and divestiture experience (among other variables) moderated the effects on the likelihood of firms divesting units they had previously acquired. Implications for future theory development and management practice are also discussed.

本文言語English
ページ(範囲)50-72
ページ数23
ジャーナルJournal of Management
31
1
DOI
出版ステータスPublished - 2005 2月 1

ASJC Scopus subject areas

  • 財務
  • 戦略と経営

フィンガープリント

「What constrains or facilitates divestitures of formerly acquired firms? The effects of organizational inertia」の研究トピックを掘り下げます。これらがまとまってユニークなフィンガープリントを構成します。

引用スタイル