The Institutionalization of Divestitures - A Meta-Analysis of Stock Market Performance

Miriam Flickinger investigates the stock market reaction to divestiture announcements from an institutionally-based perspective. Using meta-analytic procedures, the author extends the present financially dominated understanding of divestiture performance implications. She shows that divestitures are socially embedded when the value of a firm's divestiture depends on the prevailing institutional logics within the business society.

Dr. Miriam Flickinger promovierte bei Prof. Dr. Rolf Bühner am Lehrstuhl für Organisation und Personalwesen der Universität Passau. Sie ist als Strategiereferentin HR bei der BASF SE, Ludwigshafen, tätig.