Industry Divestiture Waves: How a Firm's Position Influences Investor Returns

Because of the "opaque" nature of divestitures, investors face considerable uncertainty in evaluating divestiture decisions and thus may look to a firm's social context, defined in terms of the pervasiveness of divestiture activity in its industry, to infer the quality of such a decis...

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Veröffentlicht in:	Academy of Management journal 2012-12, Vol.55 (6), p.1472-1492
Hauptverfasser:	Brauer, Matthias F, Wiersema, Margarethe F
Format:	Artikel
Sprache:	eng
Schlagworte:	Divestiture Industry Investment analysis Investment returns Investments Investors Personal finance Securities markets Stock exchange Stock returns Studies Transitions U.S.A
Online-Zugang:	Volltext
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