Conglomerate firm production represents more than 50 percent of production in the United
States. Given the size of production by conglomerate firms, understanding the costs and …

La materialización de sinergias es un reto para la administración de empresas
multinegocios. En este texto se presenta el estado del conocimiento sobre las sinergias en …

This article examines the optimal CEO compensation and replacement policy when the CEO
is privately informed about the firm's continuation value under his leadership. Ex ante moral …

Banks and related financial institutions often have two separate subsidiaries that make loans
of similar type but differing risk, for example, a bank and a finance company, or a “good …

This article studies mergers between competing firms and shows that while such mergers
reduce the level of product market competition, they may have an adverse effect on …

This study addresses the link between management concern for organizational crises and
competitive strategy in small and medium‐sized enterprises in Peru, Mexico and the United …

Diversified firms trade at a discount relative to comparable portfolios of stand-alone firms.
One explanation is that these firms have inefficient internal capital markets. We examine the …

Abstract Manuscript Type Empirical Research Issue Research on board involvement has
evolved and shifted towards seeking the appropriate role these boards should play in the …

Business portfolio restructuring (BPR) has received considerable attention in the fields of
management and finance. However, to the best of our knowledge, there are no studies …

This paper proposes an explanation as to why some mergers fail, based on the interaction
between the pre‐and post‐merger processes. We argue that failure may stem from …