Actors within organizations commonly must make choices armed with incomplete and
asymmetrically distributed information. Signalling theory seeks to explain how individuals …

We study the relationship between diversification and firm performance in the context of the
decline in levels of diversification over time. We argue that the pressure to reduce …

Information asymmetry is a condition wherein one party in a relationship has more or better
information than another. The information asymmetry concept is widely diffused throughout …

In ever-changing environments, strategic change manifests as a crucial concern for firms
and is thus central to the fields of management and strategy. Common and foundational to …

This paper demonstrates how meta‐analysis can be combined with structural equation
modeling (MASEM) to address new questions in strategic management research. We review …

This article offers a framework to understand how endogeneity arises and how to control for
it with instrumental variables to estimate causal relations with observational data. It builds on …

Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to
Process, Tools, Cases, and Solutions, Tenth Edition, is the most comprehensive and cutting …

abstract Firm ownership is an increasingly influential form of corporate governance.
Although firms might be owned by different types of owners, most studies examine owner …

This paper investigates the relationship between divestitures and firm value in family firms.
Using hand‐collected data on a sample of over 30,000 firm‐year observations, we find that …

This study examines how CEOs' internal attribution tendency–to attribute an observed
outcome to internal factors–shapes the extent to which corporate downsizing activities are …