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Divestment: Motives and gains
Author(s) -
Montgomery Cynthia A.,
Thomas Ann R.
Publication year - 1988
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/smj.4250090108
Subject(s) - divestment , business , industrial organization , economics , law and economics , finance
A follow‐up to earlier study, this research demonstrates that the stock market's positive revaluation of divesting firms is unlikely to be due to changes in short‐term performance.