Although the dynamic capabilities framework has proved important for explaining long-term
competitive advantage, some scholars have attacked it as lacking theoretical underpinnings …

The allocation of capital within firms is a core managerial function, yet a topic that only
recently has resurged in management research. We review research across disciplines …

Research Summary This paper investigates the costs of corporate scope reduction
(“refocusing”). Using data on hedge fund firms that were quasi‐exogenously driven to close …

We conceptualize divestitures as a costly alternative to the internal resolution of conflicts
among stakeholders, albeit one that avoids the more costly liquidation of the firm. In firms …

Research aims: This study aims to explore the extent of studies related to Islamic bank spin-
offs in reputable journals indexed by Sinta and Scopus to map important findings regarding …

In this paper, we study the relationship between family ownership and corporate alliance
intensity. Theoretically, we propose that the tendency of family firms to pursue …

Abstract Research Summary We examine how managers' political power reallocates
resources in the internal capital market. By shifting the focus from financial to firm‐specific …

In this study, we identify a novel pattern of deal-making activity—spinoffs followed by
acquisitions—that has yet to be analyzed in the corporate strategy literature. We present a …

Research in corporate strategy fundamentally seeks to address the question “How do
managers set and oversee the scope of their firms?”(Feldman, 2020), a key component of …

The primary functions of corporate headquarters in multi-business firms are for
entrepreneurial value creation and administrative loss prevention. A prominent way in which …