Does corporate focus translate into superior stock performance? We use 17 years of international data on 275 property … and over time. By linking these focus profiles to risk-adjusted performance measures, we show that companies with high …

We study the impact of electricity divestments in a stylised model where a dominant producer faces a competitive fringe …

divestments of low-cost assets. We also establish that virtual divestments (often employed in the power industry) are at best … equivalent to low-cost divestments in terms of their impact on consumer welfare, and cannot replicate the optimal divestment. …

implementation of their preferred divestment choices. We also document the value effects of divestments and show that familiarity …

synergy). We show that the existence of positive synergies implies declining expected prices. When synergies are negative … simultaneously as a bundle or sequentially when synergies are positive. Second, when synergies are negative, the expected revenue … addition, in the presence of positive synergies, an option to buy the additional object at the price of the first object is …

generates synergies through interactions between organizations. By synergies, organizations capitalize and develop their …