Quién es quién en la investigación sobre Reestructuración de la Cartera de Negocios: La estructura intelectual
DOI:
https://doi.org/10.3989/redc.2017.1.1363Palabras clave:
Reestructuración corporativa, Reestructuración de la cartera de negocios, Estructura intelectual, Técnicas bibliométricas, Producción científicaResumen
Son pocos los estudios que aplican métodos cualitativos y cuantitativos extensivos para abordar la investigación sobre Reestructuración de la Cartera de Negocio (RCN). El objetivo de este trabajo es identificar los principales autores, revistas y estudios que han informado a la plataforma intelectual subyacente a RCN e identificar los temas que más han impactado. En este estudio, las referencias bibliográficas citadas entre 1959 y 2012, se analizan utilizando diferentes técnicas bibliométricas. Se encuentran tres resultados principales: primero, la base intelectual de este campo involucra una literatura multidisciplinaria y multifacética, aunque las disciplinas de finanzas y administración son los principales contribuyentes a la investigación en RCN. En segundo lugar, los autores, las revistas y los documentos se identifican para seguir el marco principal de la reestructuración de la cartera. Finalmente, los principales precursores de esta área de estudio son la estrategia corporativa, las desinversiones, la diversificación y el gobierno corporativo. Este es un estudio que contribuye no sólo en el campo de la gestión estratégica, sino también en el campo de la gestión de la información.
Descargas
Citas
Ahmadjian, C.L.; Robbins, G.E. (2005). A clash of capitalisms: Foreign shareholders and corporate restructuring in 1990s japan. American Sociological Review, vol. 70 (3), 451-471. https://doi.org/10.1177/000312240507000305
Alessandrini, P.; Calcagnini, G.; Zazzaro, A. (2008). Asset restructuring strategies in bank acquisitions: Does distance between dealing partners matter? Journal of Banking & Finance, vol. 32 (5), 699-713. https://doi.org/10.1016/j.jbankfin.2007.05.008
Alexander, G.J.; Benson, P.G.; Kampmeyer, J.M. (1984). Investigating the valuation effects of announcements of voluntary corporate selloffs. Journal of Finance, vol. 39 (2), 503-517. https://doi.org/10.1111/j.1540-6261.1984.tb02323.x
Amihud, Y.; Lev, B. (1981). Risk reduction as a managerial motive for conglomerate mergers. Bell Journal of Economics, vol. 12 (2), 605-617. https://doi.org/10.2307/3003575
Barney, J.B. (1991). Firm resources and sustained competitive advantage. Journal of Management, vol. 17 (1), 99-120. https://doi.org/10.1177/014920639101700108
Barney, J.B.; Ketchen, D.J.; Wright, M. (2011). The future of resource-based theory: Revitalization or decline? Journal of Management, vol. 37 (5), 1299-1315. https://doi.org/10.1177/0149206310391805
Bergh, D.D. (1995). Size and relatedness of units sold: An agency theory and resource-based perspective. Strategic Management Journal, vol. 16 (3), 221-239. https://doi.org/10.1002/smj.4250160306
Bergh, D.D.; Holbein, G.F. (1997). Assessment and redirection of longitudinal analysis: Demonstration with a study of the diversification and divestiture relationship. Strategic Management Journal, vol. 18 (7), 557-571. https://doi.org/10.1002/(SICI)1097-0266(199708)18:7<557::AID-SMJ911>3.0.CO;2-6
Bergh, D.D. (1998). Product-market uncertainty, portfolio restructuring, and performance: An information-processing and resource-based view. Journal of Management, vol. 24 (2), 135-155. https://doi.org/10.1177/014920639802400201
Bergh, D.D.; Lawless, M. (1998). Portfolio restructuring and limits to hierarchical governance: The effects of environmental uncertainty and diversification strategy. Organization Science, vol. 9 (1), 87-102. https://doi.org/10.1287/orsc.9.1.87
Bergh, D.D.; Johnson, R.A.; Dewitt, R. (2008). Restructuring, through spin-off or sell-off: Transforming information asymmetries into financial gain. Strategic Management Journal, vol. 29 (2), 133-148. https://doi.org/10.1002/smj.652
Berle, A.A.; Means, G.C. (1932). The modern corporation and private property. New York; Macmillan.
Bethel, J.E.; Liebeskind, J.P. (1993). The effects of ownership structure on corporate restructuring. Strategic Management Journal, vol. 14 (1), 15-31. https://doi.org/10.1002/smj.4250140904
Bhagat, S.; Shleifer, A.; Vishny, R. (1990). Hostile takeovers in the 1980s - the return to corporate specialization. Brookings Papers on Economic Activity, 1-84. https://doi.org/10.2307/2534780
Boot, A.W.A. (1992). Why hang on to losers - divestitures and takeovers. Journal of Finance, vol. 47 (4), 1401- 1423. https://doi.org/10.1111/j.1540-6261.1992. tb04663.x https://doi.org/10.1111/j.1540-6261.1992.tb04663.x
Bowman, E.H.; Singh, H.; Reginald H. Jones Center for Management Policy, Strategy, and Organization. (1990). Corporate restructuring: Trends and consequences. Philadelphia; Reginald H. Jones Center, Wharton School, University of Pennsylvania.
Bowman, E.H.; Singh, H. (1993). Corporate restructuring: Reconfiguring the firm. Strategic Management Journal, vol. 14 (1), 5-14. https://doi.org/10.1002/smj.4250140903
Bowman, E.H.; Singh, H.; Useem, M.; Bhadury, R. (1999). When does restructuring improve economic performance? California Management Review, vol. 41 (2), 33-54. https://doi.org/10.2307/41165985
Byerly, R.T.; Lamont, B.T.; Keasler, T. (2003). Business portfolio restructuring, prior diversification posture and investor reactions. Managerial and Decision Economics, vol. 24 (8), 535-548. https://doi.org/10.1002/mde.1116
Callon, M.; Courtail, J.P.; Penan, H. (1993). Cienciometría. La medición de la actividad científica: De la bibliometría a la vigilancia tecnológica. Gijón; Ediciones Trea.
Capron, L.; Mitchell, W.; Swaminathan, A. (2001). Asset divestiture following horizontal acquisitions: A dynamic view. Strategic Management Journal, vol. 22 (9), 817- 844. https://doi.org/10.1002/smj.175
Chang, S. (1996). An evolutionary perspective on diversification and corporate restructuring: Entry, exit, and economic performance during 1981- 89. Strategic Management Journal, vol. 17 (8), 587-611. https://doi.org/10.1002/(SICI)1097-0266(199610)17:8<587::AID-SMJ834>3.0.CO;2-1
Chatterjee, S.; Harrison, J.; Bergh, D. (2003). Failed takeover attempts, corporate governance and refocusing. Strategic Management Journal, vol. 24 (1), 87-96. https://doi.org/10.1002/smj.279
Chemmanur, T.J.; Liu, M.H. (2011). Institutional trading, information production, and the choice between spin-offs, carve-outs, and tracking stock issues. Journal of Corporate Finance, vol. 17 (1), 62-82. https://doi.org/10.1016/j.jcorpfin.2010.07.005
Colak, G.; Whited, T.M. (2007). Spin-offs, divestitures, and conglomerate investment. Review of Financial Studies, vol. 20 (3), 557-595. https://doi.org/10.1093/rfs/hhl022
Comment, R.; Jarrell, G.A. (1995). Corporate focus and stock returns. Journal of Financial Economics, vol. 37 (1), 67-87. https://doi.org/10.1016/0304-405X(94)00777-X
Costello A, Osborne J (2005), Best practices in exploratory factor analysis: Four recommendations for getting the most from your analysis. Practical Assessment, Research & Evaluation, vol. 10 (7), available in: http://pareonline. net/genpare.asp?wh=0&abt=10 (Accessed 07/10, 2013)
Cusatis, P.J.; Miles, J.A.; Woolridge, J.R. (1993). Restructuring through spinoffs - the stock-market evidence. Journal of Financial Economics, vol. 33 (3), 293-311. https://doi.org/10.1016/0304-405X(93)90009-Z
Daley, L.; Mehrotra, V.; Sivakumar, R. (1997). Corporate focus and value creation - evidence from spinoffs. Journal of Financial Economics, vol. 45 (2), 257-281. https://doi.org/10.1016/S0304-405X(97)00018-4
Denis, D.J.; Kruse, T.A. (2000). Managerial discipline and corporate restructuring following performance declines. Journal of Financial Economics, vol. 55 (3), 391-424. https://doi.org/10.1016/S0304-405X(99)00055-0
Dimaggio, P.J.; Powell, W.W. (1983). The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American Sociological Review, vol. 48 (2), 147-160. https://doi.org/10.2307/2095101
Dittmar, A.; Shivdasani, A. (2003). Divestitures and divisional investment policies. Journal of Finance, vol. 58 (6), 2711-2743. https://doi.org/10.1046/j.1540-6261.2003.00620.x
Duhaime, I.M.; Grant, J.H. (1984). Factors influencing divestment decision-making: Evidence from a field-study. Strategic Management Journal, vol. 5 (4), 301- 318. https://doi.org/10.1002/smj.4250050402
Eisenhardt, K.M. (1989). Agency theory: An assessment and review. Academy of Management Review, vol. 14 (1), 57-74.
Florou, A. (2005). Top director shake-up: The link between chairman and CEO dismissal in the UK. Journal of Business Finance & Accounting, vol. 32 (1-2), 97-128. https://doi.org/10.1111/j.0306-686X.2005.00589.x
Furrer, O.; Thomas, H.; Goussevskaia, A. (2008). The structure and evolution of the strategic management field: A content analysis of 26 years of strategic management research. International Journal of Management Reviews, vol. 10 (1), 1-23. https://doi.org/10.1111/j.1468-2370.2007.00217.x
Geroski, P.; Gregg, P. (1994). Corporate restructuring in the UK during the recession. Business Strategy Review, vol. 5 (2), 1-19. https://doi.org/10.1111/j.1467-8616.1994.tb00073.x
Gibbs, P.A. (1993). Determinants of corporate restructuring: The relative importance of corporate governance, takeover threat, and free cash flow. Strategic Management Journal, vol. 14 (1), 51-68. https://doi.org/10.1002/smj.4250140906
González-Alcaide, G.; Gómez Ferri, J. (2014). La colaboración científica: Principales líneas de investigación y retos de futuro. Revista Espa-ola de Documentación Científica, vol. 37 (4), e062. https://doi.org/10.3989/redc.2014.4.1186
González-Betancor, S.M.; Dorta-González, P. (2015). Porcentaje de artículos altamente citados: Una medida comparable del impacto de revistas entre campos científicos. Revista Espa-ola de Documentación Científica, vol. 38 (3), e092. https://doi.org/10.3989/redc.2015.3.1230
Graham, J.R.; Lemmon, M.L.; Wolf, J.G. (2002). Does corporate diversification destroy value? Journal of Finance, vol. 57 (2), 695-720. https://doi.org/10.1111/1540-6261.00439
Harner, I.C. (1987). Corporate reorganization: Today's challenge. Journal of Mental Health Administration, vol. 14 (2), 60-68. PMid:10287220
Haynes, M.; Thompson, S.; Wright, M. (2003). The determinants of corporate divestment: Evidence from a panel of UK firms. Journal of Economic Behavior & Organization, vol. 52 (1), 147-166. https://doi.org/10.1016/S0167-2681(02)00167-1
Hill, C.W.L.; Hoskisson, R.E. (1987). Strategy and structure in the multiproduct firm. Academy of Management Review, vol. 12 (2), 331-341.
Hirsch, P.M.; De Soucey, M. (2006). Organizational restructuring and its consequences: Rhetorical and structural. Annual Review of Sociology, vol. 32 171-189. https://doi.org/10.1146/annurev.soc.32.061604.123146
Hite, G.L.; Owers, J.E. (1983). Security price reactions around corporate spin-off announcements. Journal of Financial Economics, vol. 12 (4), 409-436. https://doi.org/10.1016/0304-405X(83)90042-9
Hite, G.L.; Owers, J.E.; Rogers, R.C. (1987). The market for interfirm asset sales: Partial sell-offs and total liquidations. Journal of Financial Economics, vol. 18 (2), 229-252. https://doi.org/10.1016/0304-405X(87)90040-7
Hitt, M.A.; Hoskisson, R.E.; Johnson, R.A.; Moesel, D.D. (1996). The market for corporate control and firm innovation. Academy of Management Journal, vol. 39 (5), 1084-1119. https://doi.org/10.2307/256993
Hoskisson, R.E.; Hitt, M.A. (1988). Strategic control-systems and relative R-and-D investment in large multiproduct firms. Strategic Management Journal, vol. 9 (6), 605- 621. https://doi.org/10.1002/smj.4250090607
Hoskisson, R.E.; Turk, T.A. (1990). Corporate restructuring: Governance and control limits of the internal capital-market. Academy of Management Review, vol. 15 (3), 459-477.
Hoskisson, R.E.; Johnson, R.A. (1992). Corporate restructuring and strategic change: The effect on diversification strategy and research-and-development intensity. Strategic Management Journal, vol. 13 (8), 625-634. https://doi.org/10.1002/smj.4250130805
Hoskisson, R.E. (1994). Downscoping: How to tame the diversified firm? Nueva York, NY; Oxford University.
Hoskisson, R.E.; Johnson, R.A.; Moesel, D.D. (1994). Corporate divestiture intensity in restructuring firms: Effects of governance, strategy, and performance. Academy of Management Journal, vol. 37 (5), 1207- 1251. https://doi.org/10.2307/256671
Hoskisson, R.E.; Hitt, M.A.; Wan, W.P.; Yiu, D. (1999). Theory and research in strategic management: Swings of a pendulum. Journal of Management, vol. 25 (3), 417- 456. https://doi.org/10.1177/014920639902500307
Hoskisson, R.E.; Cannella, A.A.; Tihanyi, L.; Faraci, R. (2004). Asset restructuring and business group affiliation in French affiliation in French civil law countries. Strategic Management Journal, vol. 25 (6), 525-539. https://doi.org/10.1002/smj.394
Hoskisson, R.E.; Johnson, R.A.; Tihanyi, L.; White, R.E. (2005). Diversified business groups and corporate refocusing in emerging economies. Journal of Management, vol. 31 (6), 941-965. https://doi.org/10.1177/0149206305279895
Inoue, K.; Kato, H.K.; Bremer, M. (2008). Corporate restructuring in Japan: Who monitors the monitor? Journal of Banking & Finance, vol. 32 (12), 2628-2635. https://doi.org/10.1016/j.jbankfin.2008.05.014
Jain, P.C. (1985). The effect of voluntary sell-off announcements on shareholder wealth. Journal of Finance, vol. 40 (1), 209-224. https://doi.org/10.1111/j.1540-6261.1985.tb04945.x
Jensen, M.C.; Meckling, W.H. (1976). Theory of firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, vol. 3 (4), 305-360. https://doi.org/10.1016/0304-405X(76)90026-X
Jensen, M.C.; Ruback, R.S. (1983). The market for corporate-control: The scientific evidence. Journal of Financial Economics, vol. 11 (1-4), 5-50. https://doi.org/10.1016/0304-405X(83)90004-1
Jensen, M.C. (1989). Eclipse of the public corporation. Harvard Business Review, vol. 67 (5), 61-74.
Jensen, M.C.; Murphy, K.J. (1990). Performance pay and top-management incentives. Journal of Political Economy, vol. 98 (2), 225-264. https://doi.org/10.1086/261677
John, K.; Lang, L.H.P.; Netter, J. (1992). The voluntary restructuring of large firms in response to performance decline. Journal of Finance, vol. 47 (3), 891-917. https://doi.org/10.1111/j.1540-6261.1992.tb03999.x
John, K.; Ofek, E. (1995). Asset sales and increase in focus. Journal of Financial Economics, vol. 37 (1), 105- 126. https://doi.org/10.1016/0304-405X(94)00794-2
Johnson, R.A.; Hoskisson, R.; Hitt, M. (1993). Board of director involvement in restructuring: The effects of board versus managerial controls and characteristics. Strategic Management Journal, vol. 14 (1), 33-50. https://doi.org/10.1002/smj.4250140905
Johnson, R.A. (1996). Antecedents and outcomes of corporate refocusing. Journal of Management, vol. 22 (3), 439-483. https://doi.org/10.1177/014920639602200304
Kang, J.; Lee, I.; Na, H.S. (2010). Economic shock, owner-manager incentives, and corporate restructuring: Evidence from the financial crisis in Korea. Journal of Corporate Finance, vol. 16 (3), 333-351. https://doi.org/10.1016/j.jcorpfin.2009.12.001
Kaplan, S. (1989). The effects of management buyouts on operating performance and value. Journal of Financial Economics, vol. 24 (2), 217-254. https://doi.org/10.1016/0304-405X(89)90047-0
Klein, A. (1986). The timing and substance of divestiture announcements: Individual, simultaneous and cumulative effects. Journal of Finance, vol. 41 (3), 685-696. https://doi.org/10.1111/j.1540-6261.1986.tb04532.x
Krishnaswami, S.; Subramaniam, V. (1999). Information asymmetry, valuation, and the corporate spin-off decision. Journal of Financial Economics, vol. 53 (1), 73-112. https://doi.org/10.1016/S0304-405X(99)00017-3
Lang, L.H.P.; Poulsen, A.B.; Stulz, R.M. (1995). Asset sales, firm performance, and the agency costs of managerial discretion. Journal of Financial Economics, vol. 37 (1), 3-37. https://doi.org/10.1016/0304-405X(94)00791-X
Lee, D.; Madhavan, R. (2010). Divestiture and firm performance: A meta-analysis. Journal of Management, vol. 36 (6), 1345-1371. https://doi.org/10.1177/0149206309360931
Lehn, K.; Poulsen, A. (1989). Free cash flow and stockholder gains in going private transactions. Journal of Finance, vol. 44 (3), 771-787. https://doi.org/10.1111/j.1540-6261.1989.tb04390.x
Lieberman, M.B.; Montgomery, D.B. (1988). First-mover advantages. Strategic Management Journal, vol. 9 (S1), 41-58. https://doi.org/10.1002/smj.4250090706
Lins, K.; Servaes, H. (1999). International evidence on the value of corporate diversification. Journal of Finance, vol. 54 (6), 2215-2239. https://doi.org/10.1111/0022-1082.00186
Maksimovic, V.; Phillips, G. (2002). Do conglomerate firms allocate resources inefficiently across industries? Theory and evidence. Journal of Finance, vol. 57 (2), 721-767. https://doi.org/10.1111/1540-6261.00440
Markides, C.C. (1992). Consequences of corporate refocusing: Ex ante evidence. Academy of Management Journal, vol. 35 (2), 398-412. https://doi.org/10.2307/256379
Markides, C.C. (1995). Diversification, restructuring and economic-performance. Strategic Management Journal, vol. 16 (2), 101-118. https://doi.org/10.1002/smj.4250160203
Meyer, K.E.; Lieb-Doczy, E. (2003). Post-acquisition restructuring as evolutionary process. Journal of Management Studies, vol. 40 (2), 459-482. https://doi.org/10.1111/1467-6486.00347
Miles, J.A.; Rosenfeld, J.D. (1983). The effect of voluntary spin-off announcements on shareholder wealth. Journal of Finance, vol. 38 (5), 1597-1606. https://doi.org/10.1111/j.1540-6261.1983.tb03843.x
Montgomery, C.A.; Thomas, A.R.; Kamath, R. (1984). Divestiture, market valuation, and strategy. Academy of Management Journal, vol. 27 (4), 830-840. https://doi.org/10.2307/255881
Morck, R.; Shleifer, A.; Vishny, R.W. (1988). Management ownership and market valuation: An empirical analysis. Journal of Financial Economics, vol. 20 (1-2), 293-315. https://doi.org/10.1016/0304-405X(88)90048-7
Moschieri, C.; Mair, J. (2008). Research on corporate divestitures: A synthesis. Journal of Management & Organization, vol. 14 (4), 399-422. https://doi.org/10.1017/s1833367200003163
Mulherin, H.J.; Boone, A.L. (2000). Comparing acquisitions and divestitures. Journal of Corporate Finance, vol. 6 117-139. https://doi.org/10.1016/S0929-1199(00)00010-9
Myers, S.C.; Majluf, N.S. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, vol. 13 (2), 187-221. https://doi.org/10.1016/0304-405X(84)90023-0
Nandialath, A.M.; Dotson, J.P.; Durand, R. (2014). A structural approach to handling endogeneity in strategic management: The case of RBV. European Management Review, vol. 11 (1), 47-62. https://doi.org/10.1111/emre.12023
Nerur, S.P.; Rasheed, A.A.; Natarajan, V. (2008). The intellectual structure of the strategic management field: An author co-citation analysis. Strategic Management Journal, vol. 29 (3), 319-336. https://doi.org/10.1002/smj.659
Palepu, K. (1985). Diversification strategy, profit performance and the entropy measure. Strategic Management Journal, vol. 6 (3), 239-255. https://doi.org/10.1002/smj.4250060305
Pathak, S.; Hoskisson, R.E.; Johnson, R.A. (2014). Settling up in CEO compensation: The impact of divestiture intensity and contextual factors in refocusing firms. Strategic Management Journal, vol. 35 1124-1143. https://doi.org/10.1002/smj.2153
Penrose, E. (1959). The theory of the growth of the firm. Nueva York, NY; Wiley. PMCid:PMC1931965
Persson, O.D. (1994). The intellectual base and research fronts of JASIS 1986-1990. Journal of the American Society for Information Science, vol. 45 (1), 31-38. https://doi.org/10.1002/(SICI)1097-4571(199401)45:1<31::AID-ASI4>3.0.CO;2-G
Persson, O.D., Danell, R., Wiborg-Schneider, J. (2009),"How to use Bibexcel for various types of bibliometric analysis», en Åström, F., Danell, R., Larsen, B. and Schneider, J. (eds), Celebrating scholarly communication studies: A festschrift for Olle Persson at his 60th birthday. International Society for Scientometrics and Informetrics, Leuven.
Porter, M.E. (1985). The competitive advantage: Creating and sustaining superior performance. New York; Free Press.
Porter, M.E. (1987). From competitive advantage to corporate-strategy. Harvard Business Review, vol. 65 (3), 43-59.
Prahalad, C.K.; Hamel, G. (1990). The core competence of the corporation. Harvard Business Review, vol. 68 (3), 79-91.
Ramos-Rodríguez, A.R.; Ruiz-Navarro, J. (2004). Changes in the intellectual structure of strategic management research: A bibliometric study of the Strategic Management Journal, 1980-2000. Strategic Management Journal, vol. 25 (10), 981-1004. https://doi.org/10.1002/smj.397
Ravenscraft, D.J. (1987). Mergers, sell-offs, and economic efficiency. Washington, DC; The Brookings Institution.
Renneboog, L.; Szilagyi, P.G. (2008). Corporate restructuring and bondholder wealth. European Financial Management, vol. 14 (4), 792-819. https://doi.org/10.1111/j.1468-036X.2007.00414.x
Richter, A. (1997). Restructuring or restrukturierung? corporate restructuring in Britain and Germany. London; Centre for Economic Performance, London School of Economics and Political Science.
Robbie, K.; Wright, M. (1995). Managerial and ownership succession and corporate restructuring - the case of management buy-ins. Journal of Management Studies, vol. 32 (4), 527-549. https://doi.org/10.1111/j.1467-6486.1995.tb00787.x
Roll, R. (1986). The hubris hypothesis of corporate takeovers. Journal of Business, vol. 59 (2), 197-216. https://doi.org/10.1086/296325 https://doi.org/10.1086/296325
Ronda-Pupo, G.A.; Guerras-Martín, L.A. (2012). Dynamics of the evolution of the strategy concept 1962-2008: A co-word analysis. Strategic Management Journal, vol. 33 (2), 162-188. https://doi.org/10.1002/smj.948
Rosenfeld, J.D. (1984). Additional evidence on the relation between divestiture announcements and shareholder wealth. Journal of Finance, vol. 39 (5), 1437-1448. https://doi.org/10.1111/j.1540-6261.1984.tb04916.x
Sánchez-Riofrío, A.M.; Guerras-Martín, L.A.; Forcadell, F.J. (2015). Business portfolio restructuring: A comprehensive bibliometric review. Scientometrics, vol. 102 (3), 1921-1950. https://doi.org/10.1007/s11192-014-1495-0
Schipper, K.; Smith, A. (1983). Effects of recontracting on shareholder wealth - the case of voluntary spin-offs. Journal of Financial Economics, vol. 12 (4), 437-467. https://doi.org/10.1016/0304-405X(83)90043-0
Schipper, K.; Smith, A. (1986). A comparison of equity carve-outs and seasoned equity offerings - share price effects and corporate restructuring. Journal of Financial Economics, vol. 15 (1-2), 153-186. https://doi.org/10.1016/0304-405X(86)90053-X
Schlingemann, F.P.; Stulz, R.M.; Walkling, R.A. (2002). Divestitures and the liquidity of the market for corporate assets. Journal of Financial Economics, vol. 64 (1), 117-144. https://doi.org/10.1016/S0304-405X(02)00073-9
Schönhaar, S.; Nippa, M.; Pidun, U. (2014). From patchwork to theory development: Mapping and advancing research about business portfolio restructuring. Management Review Quarterly, vol. 64 (3), 157-200. https://doi.org/10.1007/s11301-014-0103-y
Sembenelli, A.; Vannoni, D. (2000). Why do established firms enter some industries and exit others? empirical evidence on Italian business groups. Review of Industrial Organization, vol. 17 (4), 441-456. https://doi.org/10.1023/A:1007825831547
Sengupta, R.; Faccio, M. (2011). Corporate response to distress: Evidence from the Asian financial crisis. Federal Reserve Bank of St. Louis Review, vol. 93 (2), 127-154.
Seward, J.K.; Walsh, J.P. (1996). The governance and control of voluntary corporate spin-offs. Strategic Management Journal, vol. 17 (1), 25-39. https://doi.org/10.1002/(SICI)1097-0266(199601)17:1<25::AID-SMJ797>3.0.CO;2-G
Shleifer, A.; Vishny, R.W. (1991). Takeovers in the 60s and the 80s - evidence and implications. Strategic Management Journal, vol. 12 (2), 51-59. https://doi.org/10.1002/smj.4250121005
Slovin, M.B.; Sushka, M.E.; Ferraro, S.R. (1995). A comparison of the information conveyed by equity carve-outs, spin-offs, and asset sell-offs. Journal of Financial Economics, vol. 37 (1), 89-104. https://doi.org/10.1016/0304-405X(94)00796-4
Tan, G.; Yuan, L. (2003). Strategic incentives of divestitures of competing conglomerates. International Journal of Industrial Organization, vol. 21 (5), 673-697. https://doi.org/10.1016/S0167-7187(02)00120-0
Teece, D.; Pisano, G.; Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, vol. 18 (7), 509-533. https://doi.org/10.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z
Untiedt, R.; Nippa, M.; Pidun, U. (2012). Corporate portfolio analysis tools revisited: Assessing causes that may explain their scholarly disdain. International Journal of Management Reviews, vol. 14 (3), 263-279. https://doi.org/10.1111/j.1468-2370.2011.00316.x
Vijh, A.M. (2002). The positive announcement-period returns of equity carveouts: Asymmetric information or divestiture gains? Journal of Business, vol. 75 (1), 153-190. https://doi.org/10.1086/323508
Villalonga, B.; McGahan, A. (2005). The choice among acquisitions, alliances, and divestitures. Strategic Management Journal, vol. 26 (13), 1183-1208. https://doi.org/10.1002/smj.493
Vogel, R.; Guettel, W.H. (2013). The dynamic capability view in strategic management: A bibliometric review. International Journal of Management Reviews, vol. 15 (4), 426-446.
Wallin, M.W. (2012). The bibliometric structure of spin-off literature. Innovation: Management, Policy & Practice, vol. 14 (2), 162-177. https://doi.org/10.5172/impp.2012.14.2.162
Weisbach, M. (1988). Outside directors and CEO turnover. Journal of Financial Economics, vol. 20 (1-2), 431-460. https://doi.org/10.1016/0304-405X(88)90053-0
Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management Journal, vol. 5 (2), 171-180. https://doi.org/10.1002/smj.4250050207
White, H.; McCain, K. (1998). Visualizing a discipline: An author co-citation analysis of information science, 1972- 1995. Journal of the American Society for Information Science, vol. 49 (4), 327-355. https://doi.org/10.1002/(sici)1097-4571(19980401)49:4<327::aid-asi4>3.0.co;2-w
Williamson, O.E. (1975). Markets and hierarchies: Analysis and antitrust implications. Nueva York, NY; Free Press.
Williamson, O.E. (1985). The economic institutions of capitalism: Firms, markets, and relational contracting. Nueva York, NY; Free Press.
Publicado
Cómo citar
Número
Sección
Licencia
Derechos de autor 2017 Consejo Superior de Investigaciones Científicas (CSIC)

Esta obra está bajo una licencia internacional Creative Commons Atribución 4.0.
© CSIC. Los originales publicados en las ediciones impresa y electrónica de esta Revista son propiedad del Consejo Superior de Investigaciones Científicas, siendo necesario citar la procedencia en cualquier reproducción parcial o total.
Salvo indicación contraria, todos los contenidos de la edición electrónica se distribuyen bajo una licencia de uso y distribución “Creative Commons Reconocimiento 4.0 Internacional ” (CC BY 4.0). Consulte la versión informativa y el texto legal de la licencia. Esta circunstancia ha de hacerse constar expresamente de esta forma cuando sea necesario.
No se autoriza el depósito en repositorios, páginas web personales o similares de cualquier otra versión distinta a la publicada por el editor.