The effects of ownership structure on corporate restructuring
作者:
Jennifer E. Bethel,
Julia Liebeskind,
期刊:
Strategic Management Journal
(WILEY Available online 1993)
卷期:
Volume 14,
issue S1
页码: 15-31
ISSN:0143-2095
年代: 1993
DOI:10.1002/smj.4250140904
出版商: John Wiley&Sons, Ltd.
关键词: Restructuring;ownership;blockholders
数据来源: WILEY
摘要:
AbstractThis paper investigates the relationship between ownership structure and corporate restructuring in a sample of 93 surviving public Fortune 500 firms during the period 1981–87. The results show that blockholder ownership is associated significantly with corporate restructuring, suggesting that many managers restructured their corporations during the 1980s only when pressured to do so by large shareholder
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