Legitimacy Needs as Drivers of Business Exit 2008th Edition
Author(s): Carolin Decker (Author), Univ.-Prof. Dr. Thomas Mellewigt (Foreword)
Publisher: Gabler Verlag
Publication Date: 15 May 2008
Edition: 2008th
Language: English
Print length: 198 pages
ISBN-10: 383490936X
ISBN-13: 9783834909367
Book Description
Foreword A diversified firm’s withdrawal from a business unit (i.e. business exit) is a very – portant phenomenon in management practice. In fact, studies from the U.S. show that approximately 2,500 business units are sold each year. According to a survey of the consulting firm Accenture among 150 executives from the Fortune 1000 companies, 59 % of the persons polled are momentarily divesting at least one business unit. – though divestitures are highly relevant in practice, researchers in strategic management tend to prefer investigating the counterpart of exit, namely the acquisition of business units. Trying to fill this gap, Ms. Decker’s dissertation aims to shed light on the impact of business exit on the corporate strategy of the divesting parent firm. First, Ms. Decker summarizes the literature on business exit from the last three d- ades in a systematic and comprehensible way. This is a deserving task since the l- erature on this topic is widely dispersed, e.g. in the field of finance, amongst others. Referring to the existing findings, the literature review shows that prior research has mainly focused on two questions: “What factors promote business exit?” and “What are the financial outcomes of business exit for the divesting parent firm?”. Drawing on this background, the author convincingly argues that, up to now, the strategic impli- tions of business exit for the divesting parent firm have largely been ignored.
Editorial Reviews
From the Back Cover
A diversified firm’s withdrawal from a business unit, i.e. business exit, is a significant phenomenon in management practice. Although divestitures are highly relevant in practice, the acquisition of business units attracts much more attention in strategic management research.
Carolin Decker develops and empirically applies a framework in which business exits serve the purpose of re-establishing a firm’s previously harmed legitimacy. She suggests four types of legitimacy needs that are to be satisfied with the divestiture of a business unit and the simultaneous pursuit of strategic reorientation. The author tests the theoretical framework with secondary data on 213 business exits. Her findings support the idea that legitimacy needs drive the likelihood of fit-enhancing business exits in divesting firms.
About the Author
Dr. Carolin Decker ist wissenschaftliche Mitarbeiterin von Univ.-Prof. Dr. Thomas Mellewigt am Institut für Management der Freien Universität Berlin.
Beginning from first principles and adopting a modular structure, this book develops the fundamental physical methods needed to describe and understand a wide range of seemingly very diverse astrophysical phenomena and processes. For example, the discussion of radiation processes including their spectra is based on Larmor’s equation and extended by the photon picture and the internal dynamics of radiating quantum systems, leading to the shapes of spectral lines and the ideas of radiation transport. Hydrodynamics begins with the concept of phase-space distribution functions and Boltzmann’s equation and develops ideal, viscous and magneto-hydrodynamics all from the vanishing divergence of an energy-momentum tensor, opening a natural extension towards relativistic hydrodynamics. Linear stability analysis is introduced and used as a common and versatile tool throughout the book. Aimed at students at graduate level, lecturers teaching courses in theoretical astrophysics or advanced topics in modern astronomy, this book with its abundant examples and exercises also serves as a reference and an entry point for more advanced researchers wanting to update their knowledge of the physical processes that govern the behavior and evolution of astronomical objects.
Editorial Reviews
From the Inside Flap
Beginning from first principles and adopting a modular structure, this book develops the fundamental physical methods needed to describe and understand a wide range of seemingly very diverse astrophysical phenomena and processes. For example, the discussion of radiation processes including their spectra is based on Larmor’s equation and extended by the photon picture and the internal dynamics of radiating quantum systems, leading to the shapes of spectral lines and the ideas of radiation transport. Hydrodynamics begins with the concept of phase-space distribution functions and Boltzmann’s equation and develops ideal, viscous and magneto-hydrodynamics all from the vanishing divergence of an energy-momentum tensor, opening a natural extension towards relativistic hydrodynamics. Linear stability analysis is introduced and used as a common and versatile tool throughout the book.
Aimed at students at graduate level, lecturers teaching courses in theoretical astrophysics or advanced topics in modern astronomy, this book with its abundant examples and exercises also serves as a reference and an entry point for more advanced researchers wanting to update their knowledge of the physical processes that govern the behavior and evolution of astronomical objects.
From the Back Cover
Beginning from first principles and adopting a modular structure, this book develops the fundamental physical methods needed to describe and understand a wide range of seemingly very diverse astrophysical phenomena and processes. For example, the discussion of radiation processes including their spectra is based on Larmor’s equation and extended by the photon picture and the internal dynamics of radiating quantum systems, leading to the shapes of spectral lines and the ideas of radiation transport. Hydrodynamics begins with the concept of phase-space distribution functions and Boltzmann’s equation and develops ideal, viscous and magneto-hydrodynamics all from the vanishing divergence of an energy-momentum tensor, opening a natural extension towards relativistic hydrodynamics. Linear stability analysis is introduced and used as a common and versatile tool throughout the book.
Aimed at students at graduate level, lecturers teaching courses in theoretical astrophysics or advanced topics in modern astronomy, this book with its abundant examples and exercises also serves as a reference and an entry point for more advanced researchers wanting to update their knowledge of the physical processes that govern the behavior and evolution of astronomical objects.
About the Author
Matthias Bartelmann is professor of theoretical astrophysics at the University of Heidelberg, Germany. He studied physics and astronomy at the University of Munich and obtained his Ph.D. in 1992, for which he received the Otto Hahn Medal of the Max Planck Society. He was a post-doc at the Max Planck Institute for Astrophysics in Garching and at the Harvard-Smithsonian Center for Astrophysics. He received the Ludwig Biermann Prize of the German Astronomical Society in 1996 and became a lecturer in astronomy at the University of Munich in 1998. Between 1998 and 2003, he built up and led the German scientific contribution to the Planck satellite mission. Dr. Bartelmann’s research interests are centered on structure formation in the Universe, in particular the study of dark-matter distributions by means of gravitational lensing and probes of non-linear evolution, the problem of dark energy and the physics of the cosmic microwave background.
Wow! eBook
