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...

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