{"product_id":"the-institutionalization-of-divestitures-von-miriam-flickinger","title":"The Institutionalization of Divestitures","description":"\n                                Restructuring and, therein, divestitures have become an indispensable element of corporate strategy for many firms. Divestitures, defined as a firm’s decision to dispose of a significant portion of its assets, can increase a firm’s strength by changing its asset structure and its resource allocation patterns.\n                \n                \u003cbr\u003e\n                                \n                \n                \u003cbr\u003e\n                                Miriam Flickinger investigates the stock market reaction to divestiture announcements from an institutionally-based perspective. In the spirit of organizational theory, this perspective applies the processes of institutionalization to capital markets. It analyzes how organizational practices and policies are perceived by a capital market in which socio-organizational factors play an influential role. Using meta-analytic procedures, the author extends the present financially dominated understanding of divestiture performance implications and offers a new rationale to why shareholders consider divestitures positively. Results show that divestitures are socially embedded when the value of a firm’s divestiture depends on the prevailing institutional logics within the business society.\n                \n                \u003cbr\u003e\n                            \n            \u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783834916709\"\u003e\u003ch3\u003eA Meta-Analysis of Stock Market Performance\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783834916709","offer_id":49593280037189,"sku":"9783834916709","price":49.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/1e6a6313-6675-402b-9fd0-00c8debf44a6.jpg?v=1759394224","url":"https:\/\/shop.autorenwelt.de\/products\/the-institutionalization-of-divestitures-von-miriam-flickinger","provider":"Autorenwelt Shop","version":"1.0","type":"link"}