FUNCTIONAL BACKGROUND AS A DETERMINANT OF DIVESTURE’S MODES AND FIRMS’ OUTCOMES
With this paper, we target a theoretical contribution to divestiture literature and, empirically test the impact of executives’ functional background on divestitures choice and firm performance. We sample CEOs of 1054 French SMEs to look at the relationship between executives’ functional background orientation and divestiture. We find that CEOs with throughput functions are more disposed to divest than other CEOs and they are more likely to divest through downsizing divestitures. We also find the there is a positive effect on performance when CEOs pursue divestiture modes which suit with the orientation of their specific functional background
Safsaf Nadjet (),
Isabelle Royer () and
Frédéric Perdreau ()
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Safsaf Nadjet: MAGELLAN - Laboratoire de Recherche Magellan - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon - Institut d'Administration des Entreprises (IAE) - Lyon
Isabelle Royer: MAGELLAN - Laboratoire de Recherche Magellan - UJML - Université Jean Moulin - Lyon 3 - Université de Lyon - Institut d'Administration des Entreprises (IAE) - Lyon
Frédéric Perdreau: COACTIS - COnception de l'ACTIon en Situation - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne
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Date: 2019-06-06
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Published in http://www.eiasm.org/frontoffice/event_announcement.asp?event_id=1348, Jun 2019, Passau, Germany
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-02090487
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