How to think like the world's greatest masters of M & A

Includes bibliographies and index

Mergers, acquisitions, an leveraged buyouts : Vol. IV of the library of inves…

Includes bibliographies, index and tables

Perencanaan Pajak Atas Divestasi Terpaksa

This research aims to evaluate tax planning under a forced divestiture condition. The object of this study, a private pawn company, carried out a business separation in order to comply with the new government regulation. The business separation process involves the transfer of assets and liabilities to several new companies owned by the same shareholders. The transfer of assets and liabilities …

Settling up in CEO compensation: The impact of divestiture intensity and cont…

We examine the relationship between strategic change and CEO compensation by studying how a firm's refocusing program influences CEO compensation after completing the change. We contribute to the ?settling up? literature by arguing that strategic change is often uncertain for both the CEO and the board of directors responsible for executive compensation. As such the firm is likely to settle up …

Business transformation in heterogeneous environments: The impact of market d…

Asset reconfiguration by both growth and divestiture underlies business transformation, but reconfiguration remains poorly understood in countries with limited market infrastructure. We argue that more developed infrastructure facilitates resource reconfiguration, assisting weak firms' attempts to retrench and strong firms' attempts to grow; in turn, market development shapes the impact of reco…

How the best divest

Most corporations are not as skilled at selling off assets as they are at buying them, often divesting at the wrong time or in the wrong way. Either is a very expensive mistake. A Bain & Company study has found that over the last 20 years, corporations that took a disciplined approach to divestiture created nearly twice as much value for shareholders as the average firm. In this article, Bain p…

The Right way to manage unprofitable customers

Customer divestment, whereby a company stops providing a product or service to an existing customer, was once considered an anomaly. However, it is fast becoming a viable strategic option for many organizations. To better understand recent trends in customer divestment, we took a closer look at some companies that have rid themselves of customers, as well as some of the customers they let go. I…

Thrity years after Michael E. Porter: what do we know about business exit?

Although a business exit is an important corporate change initiative, the buyer's side seems to be more appealing to management researchers than the seller's because acquisitions imply growth, i.e., success. Yet from an optimistic viewpoint, business exit can effectively create value for the selling company. In this paper we attempt to bring the relevance of the seller's side back into our cons…

Diverstitures and the liquidity of the market for corporate assets

Hardcopy

Closure and divestiture by foreign entrants: the impact of entry and post-ent…

We analyze the longevity of foreign entrants explicitly considering two possible ways of exit: firm closure and capital divestiture. We find that entry and post-entry strategies affect the longevity of firms and of foreign equity holdings, but in different manners. While the ownership arrangements and organizational structure affect the likelihood of divestment, they exert no significant effect…

The Value from acquiring and divesting a joint venture: a real option approach

This study examines the value created from acquiring and divesting a joint venture. Unlike previous research which focuses on parent firm factors, the study examines value in light of the reason behind the termination of the venture and the characteristics of the target market. Consistent with the real options view, the paper finds that ventures divested to refocus a parent firm's product marke…

The divestiture option : a guide for financial and corporate planning executives

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Deskripsi Fisik

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Judul Seri

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No. Panggil

658.16 Sch d