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...

Research on corporate divestitures lacks a systematic understanding of how the divestiture process influences divestiture outcomes. This study reviews the relevant literature and offers conceptual insights into decision making, a fundamental aspect of the process, in the context of corporate...

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.