In this paper the author estimates the presence of foreign capital among representative industrial sectors of the Spanish economy along the 1985 - 2002 period, using the information aggregated up to 57 different sectors provided by the Bank of Spain from the firm survey based data set Central de Balances,...
Economic landscape is changing, as new players, with new business concepts and organizational designs, are gaining ground, and globalisation, trade liberalisation and regional integration are leading to a redefinition of the geographic location of economic activities. This process is inherently international, leading to company reconfiguration, in terms of value chains,...
Timely acquisition and divestment of resources is essential for sustaining the competitive advantage and longevity of family firms. A combination of past successes, emotional attachments, and path dependencies can lead to extensive inertia toward divestment in these firms. This paper develops a framework to understand the influence of community culture...
Just as the Harvard Corporation announced the long-awaited divestment from PetroChina, a new student group, the Burma Action Movement BAM, is trying their luck with the divestment approach. Their logic echoes that of the recently-disbanded Senior Gift Plus. The group claims that Harvard's investment in Unocal, an oil and gas...
This paper deals with divestment, i.e. the closure or sell-off of units in foreign locations, or conversely units owned by foreign firms. Such actions are discussed from the perspective of the firms making such decisions, and divestment assessments are looked at through the lens of international business strategy. Based on...
It has been suggested that stock-based forms of executive remuneration may be necessary to motivate managers to downsize their companies. This paper examines the link between executive remuneration and refocusing using a dataset on voluntary divestments by UK firms over the period 1985 to 1993. Divestment is analyzed using both...
This paper develops a theory of the life cycle of the firm based on incentive constraints. The optimal sale of the firm is restricted by entrepreneurial moral hazard and a lack of commitment regarding future divestment. This leads to a dynamic inefficiency that causes the entrepreneur to delay and to...
BOSTON, Feb. 24 /U.S. Newswire/ -- Student activists from across the Boston area are gathering on the steps of the Massachusetts State House to demand divestment from Sudan. A candlelight vigil organized by the American Anti-Slavery Group and featuring stBOSTON, Feb. 24 /U.S. Newswire/ -- Student activists from across the...
Oversized and highly debt-funded acquisitions as well as negative financial performance are forcing the European chemical industry to generate liquidity. A wave of short-term business divestments is expected as a means for cash generation. Divestme Oversized and highly debt-funded acquisitions as well as negative...
9 July 2007 LogicaCMG divests element of payroll business in the Netherlands LogicaCMG has signed a letter of intent for the divestment of an element of its payroll business, which provides solutions primarily for the SME and local ...
Smith & Nephew and Beiersdorf are preparing for the divestment of their 50/50 joint venture medical device company BSN Medical. Created in April 2001, the company is engaged in orthopaedics, phlebology diseases of the veins and wound care. Smith & Nephew and Beiersdorf are...
With AT&T Tech Support 360, you'll have certified, U.S. based technicians on call 24/7 to help keep your computers, connections, software and peripherals up to speed for just 82¢ a day.
