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Title: | Business Exit and Strategic Change: Sticking to the Knitting or Striking a New Path? |
Authors: | Decker, C Mellewigt, T |
Issue Date: | 28-May-2010 |
Publisher: | Wiley on behalf of British Academy of Management |
Citation: | Decker, C. and . (2012) 'Business Exit and Strategic Change: Sticking to the Knitting or Striking a New Path?', British Journal of Management, 23 (2), pp. 165 - 178. doi: 10.1111/j.1467-8551.2010.00706.x. |
Abstract: | The purpose of this study is to examine the potential of business exit for initiating strategic change in divesting parent firms. In contrast to prior literature that mainly investigates the impact of different antecedents on the likelihood of business exit in general, this study additionally tests the influence of these antecedents on the choice between two exit types with a cross-industry sample of divesting firms listed in the German CDAX over the time period 1999-2004. A divestiture involving strategic change is a strategic business exit; otherwise it is denoted as status quo preserving. The findings reveal that a relatively highly dissipated focus does not automatically enhance the likelihood of business exit in general and status-quo-preserving business exit in particular. CEO turnover and pressures exerted by institutional investors predict neither strategic nor status-quo-preserving business exit. Low firm performance does not nurture the likelihood of business exit per se but especially promotes status-quo-preserving business exit. © 2010 British Academy of Management. |
URI: | https://bura.brunel.ac.uk/handle/2438/30180 |
DOI: | https://doi.org/10.1111/j.1467-8551.2010.00706.x |
ISSN: | 1045-3172 |
Other Identifiers: | ORCiD: Carolin Decker-Lange https://orcid.org/0000-0002-6669-9673 |
Appears in Collections: | Brunel Business School Research Papers |
Files in This Item:
File | Description | Size | Format | |
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FullText.pdf | Copyright © 2010 International Council for Small Business. This is the peer reviewed version of the following article: Decker, C. and Mellewigt, T. (2012), Business Exit and Strategic Change: Sticking to the Knitting or Striking a New Path?. British Journal of Management, 23: 165-178, which has been published in final form at https://doi.org/10.1111/j.1467-8551.2010.00706.x. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions (https://authorservices.wiley.com/author-resources/Journal-Authors/licensing/self-archiving.html). | 316.23 kB | Adobe PDF | View/Open |
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