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| Author: | Steiner, T. L. |
| Title: | The corporate sell-off decision of diversified firms |
| Journal: | Journal of Financial Research
1997 : SUMMER, VOL. 20:2, p. 231-241 |
| Index terms: | CORPORATE PLANNING DECISION MAKING SELLING DIVERSIFICATION |
| Language: | eng |
| Abstract: | This study explores the determinants of the company sell-off decision of diversified firms during the 1980s. It is suggested that performance, debt, number of operating segments and level of ownership by directors and officers may play a role in the decision by companies to sell off assets. The results show the probability of a sell-off is negatively related to firm performance, positively related to debt, positively related to the number of business segments, and negatively related to the level of officer and director ownership. |
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