Topic
Divestment
About: Divestment is a research topic. Over the lifetime, 1518 publications have been published within this topic receiving 32812 citations. The topic is also known as: disinvestment & divestiture.
Papers published on a yearly basis
1 / 2
Papers
TL;DR: According to a survey about climate risk perceptions, institutional investors believe climate risks have financial implications for their portfolio firms and that these risks, particularly regulatory risks, already have begun to materialize.
Abstract: According to our survey about climate risk perceptions, institutional investors believe climate risks have financial implications for their portfolio firms and that these risks, particularly regulatory risks, already have begun to materialize. Many of the investors, especially the long-term, larger, and ESG-oriented ones, consider risk management and engagement, rather than divestment, to be the better approach for addressing climate risks. Although surveyed investors believe that some equity valuations do not fully reflect climate risks, their perceived overvaluations are not large.
1,669 citations
TL;DR: In this paper, the authors examined the impact of post-acquisition asset divestiture and resource redeployment on the long-term performance of horizontal acquisitions and found that both asset divestitures and resource re-ployment can contribute to acquisition performance, with a significant risk of damaging acquisition performance when the divested assets and redeployed resources are the target.
Abstract: This paper examines how value is created in horizontal mergers and acquisitions. More specifically, it examines the impact of post-acquisition asset divestiture and resource redeployment on the long-term performance of horizontal acquisitions. The data come from a detailed survey of acquiring firm managers and cover 253 horizontal mergers and acquisitions that were initiated by European and U.S. firms in manufacturing industries for the period 1988–1992. This study incorporates insights from the cost efficiency and resource-based theories to propose a model of the effects of asset divestiture and resource redeployment on long-term acquisition performance. Overall, our results show that both asset divestiture and resource redeployment can contribute to acquisition performance, with, however, a significant risk of damaging acquisition performance when the divested assets and redeployed resources are those of the target. Copyright © 1999 John Wiley & Sons, Ltd.
867 citations
TL;DR: In this paper, the authors find that asset sales lead to an improvement in the operating performance of the seller's remaining assets in each of the three years following the asset sale, and that the improvement in performance occurs primarily in firms that increase their focus.
855 citations
TL;DR: In this article, inadequate governance and inappropriate strategy have been proposed as antecedents of the divestment activity of restructuring firms in the 1980s, and combined both views in a structural equati...
Abstract: Both inadequate governance and inappropriate strategy have been proposed as antecedents of the divestment activity of restructuring firms in the 1980s. We combined both views in a structural equati...
692 citations
TL;DR: In this article, the authors identify two key areas that require greater attention and scrutiny in order to enact energy justice within a more democratized energy system, and they use the fossil fuel divestment movement as a way to shift energy justice policy attention upstream to focus on the under-researched injustices relating to supply-side climate policy analysis and decisions.
642 citations
Related Topics (5)
Performance Metrics
| Year | Papers |
|---|---|
| 2026 | 1 |
| 2025 | 87 |
| 2024 | 113 |
| 2023 | 140 |
| 2022 | 213 |
| 2021 | 85 |