The Institutionalization of Divestitures
A Meta-Analysis of Stock Market Performance
Paperback Duits 2009 2009e druk 9783834916709Samenvatting
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.
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