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Antecedents and outcomes of corporate refocusing
Abstract
During the 1980s a large number of firms refocused or down-scoped using multiple divestitures. This paper reviews recent empirical research (1983-1996) to isolate and identify the antecedent conditions that lead to downscoping and its outcomes. Antecedent conditions include changing environmental conditions, firm governance, ineffective strategy, poor performance, and financial restructuring. Outcomes of the process examine how firm strategy has changed and its effect on employees and firm performance. I develop a model to classify research into topic areas and discuss future research directions and related issues.
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Citations
Cited by
Strategy Research in Emerging Economies: Challenging the Conventional Wisdom*
Wright, M., Filatotchev, I., Hoskisson, R. E., & Peng, M. W. (2005) · Journal of Management Studies · doi:10.1111/j.1467-6486.2005.00487.x · Cited by 1,843
Ownership as a form of corporate governance
Connelly, B. L., Hoskisson, R. E., Tihanyi, L., & Certo, S. T. (2010) · Journal of Management Studies · doi:10.1111/j.1467-6486.2010.00929.x · Cited by 389
Caldwell, S. D., Herold, D. M., & Fedor, D. B. (2004) · Journal of Applied Psychology · doi:10.1037/0021-9010.89.5.868 · Cited by 375
Metadata
- Authors
- Johnson, R.
- Venue
- Journal of Management
- Publisher
- SAGE Publications
- Published
- 1996
- Volume
- 22
- Issue
- 3
- Pages
- 439-483
- ISSN
- 0149-2063 (ISSN-L)
- OpenAlex
- W1991267539
- Cited by
- 262
- References
- 0
- FWCI
- 6.26
- Type
- journal article
- Language
- en
- Open access
- closed
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- Johnson, R. (1996). Antecedents and outcomes of corporate refocusing. Journal of Management. https://doi.org/10.1016/s0149-2063(96)90032-x
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.