Firm-specific resources and foreign divestments via selloffs: Value is in the eye of the beholder
Abstract
In this paper, by using a large sample of foreign subsidiaries in Spain, we examine what explains their divestment via sell-offs. By integrating resource-based theory with foreign divestment literature, we examine the role that different subsidiary level resources and innovative capabilities play on its likelihood of being divested. We also argue and empirically show that the most influential subsidiary characteristics that determine divestment...
Paper Details
Title
Firm-specific resources and foreign divestments via selloffs: Value is in the eye of the beholder
Published Date
Mar 1, 2020
Journal
Volume
110
Pages
423 - 434
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