The effects of ownership structure on corporate restructuring
Strategic Management JournalPublished 1 January 1993
Jennifer E. Bethel, Julia Porter Liebeskind
Citations472
SJR quartileQ1
SJR score10.18
SNIP3.84
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TL;DR
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.
Abstract
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.
Keywords
Economics, Econometrics and FinanceBusiness, Management and Accounting
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