Academy of Management Journal · 1994 · 631 citations · 80 references
BusinessCorporate GovernanceStrategyBusiness StrategyCorporate FinanceCorporate StrategyBusiness RestructuringCorporate RestructuringCorporate Strategy AnalysisOrganizational RestructuringBusiness Restructuring AnalysisCorporate DivestituresRestructuring Strategy
Both inadequate governance and inappropriate strategy have been proposed as antecedents of the divestment activity of restructuring firms in the 1980s. We combined both views in a structural equati...
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Separation of Ownership and Control
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