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Full-Text Articles in Business Law, Public Responsibility, and Ethics

Divestitures, Emilie R. Feldman, Patia J. Mcgrath May 2016

Divestitures, Emilie R. Feldman, Patia J. Mcgrath

Management Papers

This article provides an introduction to divestitures and the research streams that examine these deals. Divestitures are defined as the removal of one or more of a company’s lines of business via selloff or spinoff. In this article, we describe how research on divestitures has evolved in the finance and strategy literatures, and we explain how to design and conduct empirical research studies on this topic. We also discuss the implications of divestitures for organization design, and outline some directions for future research in this domain.


Europe, Spain, And The Future Of Spanish Multinational Firms, Mauro F. Guillén Jan 2005

Europe, Spain, And The Future Of Spanish Multinational Firms, Mauro F. Guillén

Management Papers

The last fifteen years or so have witnessed a major transformation of Spanish businesses. After decades of protectionism and isolation, virtually all of them are now exposed to the winds of international competition; nearly a thousand have invested abroad in order to exploit the opportunities inherent in operating across borders. As a result, Spain has become one of the ten largest foreign direct investors in the world, with key consequences for the country's economy, financial system, diplomacy, image and society, as well as for Europe.


Political Institutions And Electric Utility Investment: A Cross-Nation Analysis, Mario E. Bergara, Witold J. Henisz, Pablo T. Spiller Jan 1998

Political Institutions And Electric Utility Investment: A Cross-Nation Analysis, Mario E. Bergara, Witold J. Henisz, Pablo T. Spiller

Management Papers

While cross-border investment flows are surging to levels not witnessed since before the Great Depression, the evaluation of political risk inherent in these projects has changed little since the 1960s. Since 1983, foreign direct investment inflows to developing countries have increased five-fold. From 1989 to 1992, the stock of American affiliates infrastructure assets grew by 153% leading to the share of total assets invested in infrastructure doubling from 1.6% to 3.0%. While this is but a fraction of the peak of 22% reached in 1940, recent research by the World Bank suggests that more than $2.0 trillion ...