Virtuous or Vicious Cycles? The Role of Divestitures as a Complementary Penrose Effect within Resource-Based Theory
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DOI: 10.1002/smj.2701
Abstract: Research summary: Studies of how divestitures affect firm performance offer mixed results. This paper unpacks relationships between divestitures and subsequent performance, focusing first on the moderating role of prior performance and then on mechanisms through… read more here.
Keywords: penrose effect; resource; complementary penrose; role ... See more keywords