Legitimacy Needs as Drivers of Business Exit
By: Decker, Carolin [author.].
Contributor(s): SpringerLink (Online service).
Material type:
BookPublisher: Wiesbaden : Gabler, 2008.Description: XVII, 181 p. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9783834997593.Subject(s): Business | Management | Organization | Planning | Business and Management | Organization | ManagementDDC classification: 658.1 Online resources: Click here to access online | Item type | Current location | Call number | Status | Date due | Barcode | Item holds |
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E books
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PK Kelkar Library, IIT Kanpur | Available | EBK7288 |
Literature Review -- Theory and Hypotheses -- Methods -- Results -- Discussion.
A diversified firm’s withdrawal from a business unit, i.e. business exit, is a significant phenomenon in management practice. Although divestitures are highly relevant in practice, the acquisition of business units attracts much more attention in strategic management research. Carolin Decker develops and empirically applies a framework in which business exits serve the purpose of re-establishing a firm’s previously harmed legitimacy. She suggests four types of legitimacy needs that are to be satisfied with the divestiture of a business unit and the simultaneous pursuit of strategic reorientation. The author tests the theoretical framework with secondary data on 213 business exits. Her findings support the idea that legitimacy needs drive the likelihood of fit-enhancing business exits in divesting firms.
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