Corporate Divestment: An Overview

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Abstract
Brings together the different strands of the divestment literature – industrial organization, finance, and corporate strategy – which have been developing over the last 20 years. Points to be increased resort to divestment by corporate managers and suggests that this adaptive activity should now be accepted as a normal phase of company development. However, such acceptance is made difficult by factors which fall within the domain of managerial psychology. Provides an overview which should be useful to practitioners confronting divestment decisions and to academics embarking on new research in the area.

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