do you know any studies about the determinants of corporate divestiture? I am interested especially in the behavioral context why (or why not) companies divest.
Hi, You may find this article relevant. "Prospect Theory, Behavioral Theory, and the Threat-Rigidity Thesis: Combinative Effects on Organizational Decisions to Divest Formerly Acquired Units" http://amj.aom.org/content/50/6/1495.abstract
Thanks for your valuable hints and links. Do you know, whether any research made a link between these determinants and the reporting about executed divestitures?
Nguyen P, Rahman N, Zhaop R, " Ownership structure and disvestiture decisions: Evidence from Australian firms", International Review of Financial Analysis, 2013, 30, p 170 -181.