It has been widely suggested that since the early 1980s many diversified firms narrowed the scopeof their activities by refocusing on their core businesses, primarily through divestment activity.This study examines the extent and determinants of divestment across a large sample of UK firmsover...

The service industries in general and financial services in particular have been disproportionatelylarge investors in information technology. However, critics have suggested that the productivityeffects of this investment have been negligible, a serious outcome given the importance of the...

This paper provides a systematic empirical analysis of the effects of merger and acquisitionactivity on profitability and firm level employee remuneration in the United Kingdom, using a speciallyconstructed database for the period 1979-1991...