Spekle, R.F.; Bogaard, M.A. van den - Erasmus Research Institute of Management (ERIM), ERIM … - 2002
This paper reports on a major portfolio restructuring at Shell. The restructuring involved the divestment of a significant part of Shell?s highly integrated chemical business. We study this event and -particularly- the related control issues, using Transaction Cost Economics (TCE) as our basic...