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...

More than 1,500 organizations and investors representing over $40 trillion in assets have committed to fossil fuel divestment to combat climate change. Will it work? This chapter explores whether divestment might induce green innovation, a critical component of transitioning to a cleaner...

Theoretical Background -- Convergence-Divergence within Strategic Groups -- From Crisis to Opportunitiy: How Market Shocks Impact Interfirm Rivalry.-Performance Effects of Corporate Diverstiture Programs

Carolin Decker develops and empirically applies a framework in which business exits serve the purpose of re-establishing a firm s previously harmed legitimacy. Her findings support the idea that legitimacy needs drive the likelihood of fit-enhancing business exits in divesting firms.