Corporate restructuring and strategic change: the effect on diversification strategy and R&D intensity
Article Abstract:
Corporate restructuring through divestitures is examined as an option for firms, the choice of which is determined by their level of diversification. Given a related-linked set-up, enterprises at this intermediate level of diversification tend to divest due to inefficiencies caused by the structure of related and unrelated businesses associated with this level. Restructured firms generally gravitate towards less diversification, and toward either related and unrelated capital markets. Research and development intensity is inversely related to post-restructuring diversification, implying substitutability between the two. The results suggest that diversification undertaken after restructuring becomes more efficient, the less firms' use a related-linked strategy.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1992
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Restructuring through spin-off or sell-off: transforming information asymmetries into financial gain
Article Abstract:
The process of selecting between corporate restructuring methods spin-offs and sell-offs is investigated. It was observed that managers choose between the two methods with regards to the potentials of converting knowledge assymetries into economic gain. The advantages and limitations of the two aforementioned restructuring methods are evaluated.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 2008
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Some predictors of SMJ article impact
Article Abstract:
A study is conducted to test whether author, article and methodological attributes influence the impact of Strategic Management Journal (SMJ) articles, defined as summed counts of article citations. Findings reveal that authors having fewer more often-cited articles tended to have SMJ articles that received the most citations.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 2006
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