Subsidiaries are important in the global strategy of multinational enterprises (MNEs). However, in the face of uncertainty and competition, the decision to divest a subsidiary from a market becomes a critical decision for MNEs. This study suggests that the factors for divesting subsidiaries are...

This paper is the first to investigate an alternative approach of privatization: privatizing only a subsidiary of a public firm. In a mixed duopoly model, instead of assuming that a public firm is privatized in its entirety by selling a portion of the firm's stocks to private investors (entirety...