The role of top managers in shaping the performance of the firms that employthem represents a central issue to strategic management research. Indeed, a substantialamount of research has examined potential linkages between the characteristics of topmanagers and firm performance. However the...

This research examines the exit of a subsidiary from its corporate parent through spin-off, the actions taken by the firm management post spin-off, and the performance implications of those actions, all from the spin-off's perspective. While spin-off announcements are generally met with a...