Legitimacy Needs as Drivers of Business Exit

Carolin Decker

ISBN 10: 383490936X / ISBN 13: 9783834909367

Published by Gabler Verlag, Gabler Verlag, 2008

About this Item

Druck auf Anfrage Neuware - Printed after ordering - Foreword A diversified firm's withdrawal from a business unit (i.e. business exit) is a very - portant phenomenon in management practice. In fact, studies from the U.S. show that approximately 2,500 business units are sold each year. According to a survey of the consulting firm Accenture among 150 executives from the Fortune 1000 companies, 59 % of the persons polled are momentarily divesting at least one business unit. - though divestitures are highly relevant in practice, researchers in strategic management tend to prefer investigating the counterpart of exit, namely the acquisition of business units. Trying to fill this gap, Ms. Decker's dissertation aims to shed light on the impact of business exit on the corporate strategy of the divesting parent firm. First, Ms. Decker summarizes the literature on business exit from the last three d- ades in a systematic and comprehensible way. This is a deserving task since the l- erature on this topic is widely dispersed, e.g. in the field of finance, amongst others. Referring to the existing findings, the literature review shows that prior research has mainly focused on two questions: 'What factors promote business exit ' and 'What are the financial outcomes of business exit for the divesting parent firm '. Drawing on this background, the author convincingly argues that, up to now, the strategic impli- tions of business exit for the divesting parent firm have largely been ignored.

Seller Inventory # 9783834909367

Bibliographic Details

• Title: Legitimacy Needs as Drivers of Business Exit
• Publisher: Gabler Verlag, Gabler Verlag
• Publication Date: 2008
• Language: English
• ISBN 10: 383490936X
• ISBN 13: 9783834909367
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 210W x 148H x 12D millimeters 210 millimeters width by 148 millimeters height by 12 millimeters depth
• Weight: 266 grams

About this title

Synopsis

Foreword A diversified firm’s withdrawal from a business unit (i.e. business exit) is a very - portant phenomenon in management practice. In fact, studies from the U.S. show that approximately 2,500 business units are sold each year. According to a survey of the consulting firm Accenture among 150 executives from the Fortune 1000 companies, 59 % of the persons polled are momentarily divesting at least one business unit. - though divestitures are highly relevant in practice, researchers in strategic management tend to prefer investigating the counterpart of exit, namely the acquisition of business units. Trying to fill this gap, Ms. Decker’s dissertation aims to shed light on the impact of business exit on the corporate strategy of the divesting parent firm. First, Ms. Decker summarizes the literature on business exit from the last three d- ades in a systematic and comprehensible way. This is a deserving task since the l- erature on this topic is widely dispersed, e.g. in the field of finance, amongst others. Referring to the existing findings, the literature review shows that prior research has mainly focused on two questions: “What factors promote business exit?” and “What are the financial outcomes of business exit for the divesting parent firm?”. Drawing on this background, the author convincingly argues that, up to now, the strategic impli- tions of business exit for the divesting parent firm have largely been ignored.

About the Author

Dr. Carolin Decker ist wissenschaftliche Mitarbeiterin von Univ.-Prof. Dr. Thomas Mellewigt am Institut für Management der Freien Universität Berlin.