search query: @author Moesel, D. / total: 1
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| Author: | Hoskisson, R. Johnson, R. Moesel, D. |
| Title: | Corporate divestiture intensity in restructuring firms: effects of governance, strategy, and performance |
| Journal: | Academy of Management Journal
1994 : OCT, VOL. 37:5, p. 1207-1251 |
| Index terms: | COMPANIES DIVESTMENT STRATEGY |
| Language: | eng |
| Abstract: | Both inadequate governance and inappropriate strategy have been proposed as antecedents of the divestment activity of restructuring firms in the 1980s. The authors combined both views in a structural equation model in which divestment intensity is directly related to firm performance and strategy, which are in turn preceded by weak governance. Some supportive results indicate that blockholder equity, a governance antecedent, and relative product diversification (strategy) have important indirect effects on divestment activity. |
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