THE EFFECTS OF OWNERSHIP STRUCTURE ON CORPORATE RESTRUCTURING

被引：226

作者：

BETHEL, JE ^{[1
]}

LIEBESKIND, J ^{[1
]}

机构：

[1] UNIV SO CALIF,SCH BUSINESS ADM,LOS ANGELES,CA 90089

来源：

STRATEGIC MANAGEMENT JOURNAL | 1993年 / 14卷

关键词：

RESTRUCTURING; OWNERSHIP; BLOCKHOLDERS;

D O I：

10.1002/smj.4250140904

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper investigates the relationship between ownership structure and corporate restructuring in a sample of 93 surviving public Fortune 500 firms during the period 1981-87. The results show that blockholder ownership is associated significantly with corporate restructuring, suggesting that many managers restructured their corporations during the 1980s only when pressured to do so by large shareholders.

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收藏

页码：15 / 31

页数：17

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