Portfolio Restructuring and Limits to Hierarchical Governance: The Effects of Environmental Uncertainty and Diversification Strategy
Published Online:1 Feb 1998https://doi.org/10.1287/orsc.9.1.87
References
- Organizations and Environments (1979) (Prentice Hall, Englewood Cliffs, NJ) Google Scholar
- Adaptive change in corporate control practices. Acad. Management J. (1991) 34 162 193 Crossref, Google Scholar
- Diversification strategy and R&D intensity in multiproduct firms. Acad. Management J. (1989) 32 310 332 Crossref, Google Scholar
- An Organizational Economic Model of Corporate Restructuring (1991) . Unpublished doctoral dissertation, University of Colorado Google Scholar
- Size and relatedness of units sold: An agency theory and resource-based perspective. Strategic Management J. (1995a) 16 221 239 Crossref, Google Scholar
- Problems with repeated measures analysis: Demonstration with a study of the the diversification and divestiture relationship. Acad. Management J. (1995b) 38 1692 1708 Crossref, Google Scholar
- Product-market uncertainty, portfolio restructuring, and performance: An information-processing and resource-based view. J. Management (1998) . Forthcoming Google Scholar
- The effects of ownership structure on corporate restructuring. Strategic Management J. (1993) 14 Special Issue 15 32 Crossref, Google Scholar
- Corporate restructuring: Reconfiguring the firm. Strategic Management J. (1993) 14 Special Issue 5 14 Crossref, Google Scholar
- Testing a causal model of corporate risk taking and performance. Acad. Management J. (1991) 34 37 59 Crossref, Google Scholar
- The nature of the firm. Economica (1937) 4 386 405 Crossref, Google Scholar
- The nature of the firm: Origin, meaning, influence. J. Law Econom. Organ. (1988) 4 3 47 Google Scholar
- Corporate focus and stock returns. J. Financial Econom. (1995) 37 67 87 Crossref, Google Scholar
- The decline and fall of the conglomerate form in the 1980s: The deinstitutionalization of an organizational form. Amer. Sociological Rev. (1994) 59 547 570 Crossref, Google Scholar
- Dimensions of organizational task environments. Admin. Sci. Quart. (1984) 29 52 73 Crossref, Google Scholar
- Factors influencing divestment decision-making: Evidence from a field study. Strategic Management J. (1984) 5 301 318 Crossref, Google Scholar
- Corporate strategy and the concept of market failure. Strategic Management J. (1980) 1 177 188 Crossref, Google Scholar
- Implementing the unrelated product strategy. Strategic Management J. (1982) 3 287 301 Crossref, Google Scholar
- Agency problems and the theory of the firm. J. Political Econom. (1980) 88 288 307 Crossref, Google Scholar
- Agency problems and residual claims. J. Law and Econom. (1983a) 26 327 349 Crossref, Google Scholar
- Separation of ownership and control. J. Law and Econom. (1983b) 26 301 325 Crossref, Google Scholar
- Designing Complex Organizations (1973) (Addison-Wesley, Reading, MA) Google Scholar
- Determinants of corporate restructuring: The relative importance of corporate governance, takeover threat, and free cash flow. Strategic Management J. (1993) 14 Special Issue 51 68 Crossref, Google Scholar
- SBU strategies, corporate-SBU relations, and SBU effectiveness in strategy implementation. Acad. Management J. (1987) 30 477 500 Crossref, Google Scholar
- Vertical integration and corporate strategy. Acad. Management J. (1985) 28 397 425 Crossref, Google Scholar
- Conglomerate performance over the economic cycle. J. Indust. Econom. (1983) 32 197 211 Crossref, Google Scholar
- Cooperative versus competitive structures in related and unrelated diversified firms. Organ. Sci. (1992) 3 27 44 Link, Google Scholar
- Strategy and structure in the multiproduct firm. Acad. Management Rev. (1987) 12 331 341 Crossref, Google Scholar
- Acquisitive growth and commitment to innovation in M-form firms. Strategic Management J. (1990) 11 Special Issue 29 47 Google Scholar
- Strategic control systems and relative R&D investment in large multiproduct firms. Strategic Management J. (1988) 9 605 621 Crossref, Google Scholar
- Downscoping: How to Tame the Diversified Firm (1994) (Oxford University Press, New York) Google Scholar
- Managerial risk taking in diversified firms: An evolutionary perspective. Organ. Sci. (1991) 2 296 314 Link, Google Scholar
- Construct validity of an objective (entropy) categorical measure of diversification strategy. Strategic Management J. (1993) 14 215 235 Crossref, Google Scholar
- Corporate restructuring and strategic change: The effect of diversification strategy and R&D intensity. Strategic Management J. (1992) 13 625 634 Crossref, Google Scholar
- Corporate divestiture intensity in restructuring firms: Effects of governance, strategy, and performance. Acad. Management J. (1994) 37 1207 1251 Crossref, Google Scholar
- Corporate restructuring: Governance and control limits of the internal capital market. Acad. Management Rev. (1990) 15 459 477 Crossref, Google Scholar
- Industry differences in environmental uncertainty and organizational characteristics related to uncertainty. Acad. Management J. (1980) 23 730 759 Crossref, Google Scholar
- Entropy measure of diversification and corporate growth. J. Indust. Econom. (1979) 27 359 369 Crossref, Google Scholar
- Board of director involvement in restructuring: The effects of board versus managerial controls and characteristics. Strategic Management J. (1993) 14 Special Issue 33 50 Crossref, Google Scholar
- Transaction cost analysis of strategy-structure choice. Strategic Management J. (1988) 9 159 172 Crossref, Google Scholar
- A causal model of linkages among environmental dimensions, macro organizational characteristics and performance. Acad. Management J. (1988) 31 570 598 Crossref, Google Scholar
- Vertical integration, appropriable rents, and the competitive contracting process. J. Law and Econom. (1978) 21 October 297 326 Crossref, Google Scholar
- Organization and Environment (1967) (Harvard University Press, Boston, MA) Google Scholar
- Industrial De-diversification and its consequences for productivity. J. Econom. Behavior and Organ. (1992) 18 427 438 Crossref, Google Scholar
- Extending modern portfolio theory into the domain of corporate diversification: Does it apply? Acad. Management J. (1994) 37 109 136 Crossref, Google Scholar
- Diversification, systematic risk, and shareholder return: A capital market extension of Rumelt's study. Acad. Management J. (1989) 32 454 465 Crossref, Google Scholar
- Consequences of corporate restructuring: Ex ante evidence. Acad. Management J. (1992) 35 398 412 Crossref, Google Scholar
- Corporate refocusing. Bus. Strategy Rev. (1993) 4 1 15 Crossref, Google Scholar
- Diversification, restructuring and economic performance. Strategic Management J. (1995) 16 101 118 Crossref, Google Scholar
- The impact of industry shocks on takeover and restructuring activity. J. Financial Econom. (1996) 41 193 229 Crossref, Google Scholar
- Mergers that last: A predictable pattern? Strategic Management J. (1986) 7 91 96 Crossref, Google Scholar
- Increase your divestment effectiveness. Strategic Management J. (1981) 2 119 130 Crossref, Google Scholar
- Diversification strategy, profit performance, and the entropy measure. Strategic Management J. (1985) 6 239 255 Crossref, Google Scholar
- From competitive advantage to corporate strategy. Harvard Bus. Rev. (1987) 43 59 . May–June Google Scholar
- The core competence of the corporation. Harvard Bus. Rev. (1990) 79 91 . May–June Google Scholar
- Strategy, Structure, and Economic Performance (1974) (Harvard University Press, Cambridge, MA) Google Scholar
- Diversification strategy and profitability. Strategic Management J. (1982) 4 359 369 Crossref, Google Scholar
- Takeovers in the '60s and the '80s: Evidence and implications. Strategic Management J. (1991) 12 Special Issue 51 60 Crossref, Google Scholar
- Challenges in researching corporate restructuring. J. Management Stud. (1993) 30 1 16 Crossref, Google Scholar
- Performance, slack, and risk taking in organizational decision making. Acad. Management J. (1986) 29 562 585 Crossref, Google Scholar
- Divesting Business Units: Making the Decision and Making It Work (1988) (Lexington Books, Lexington, MA) Google Scholar
- Economies of scope and the scope of the enterprise. J. Econom. Behavior and Organ. (1980) 1 223 247 Crossref, Google Scholar
- Towards an economic theory of the multiproduct firm. J. Econom. Behavior and Organ. (1982) 3 39 63 Crossref, Google Scholar
- Merger motives and merger prescriptions. Strategic Management J. (1990) 11 283 296 Crossref, Google Scholar
- Management objectives in mergers and acquisitions. Strategic Management J. (1990) 11 79 86 Crossref, Google Scholar
- Conglomerates revisited. Strategic Management J. (1988) 9 404 414 Crossref, Google Scholar
- Markets and Hierarchies: Analysis and Antitrust Implications (1975) (The Free Press, New York) Google Scholar
- The Economic Institutions of Capitalism (1985) (The Free Press, New York) Google Scholar
- Effects of environmental scarcity and munificence on the relationship of context to organizational structure. Acad. Management J. (1989) 32 131 156 Crossref, Google Scholar

