Over the past ten years, Client/Server computing has had a powerful impact on the way businesses deal with information technology. Client/Server computing has enhanced user's productivity, revolutionized computer networking, and restructured the computer industry.

The purpose of this study is to develop and empirically test theories on wealth effects surrounding divestiture of foreign and domestic subsidiaries by U.S. firms. Two primary research questions are addressed: (1) What are the wealth effects associated with divestiture of foreign and domestic...