Byerly, Robin T.; Lamont, Bruce T.; Keasler, Terrill - In: Managerial and Decision Economics 24 (2003) 8, pp. 535-548
This study examined firm performance in market reaction to two types of business portfolio restructuring announcements: refocusing and repositioning. We predicted that market performance effects for these two types of strategic restructurers would be moderated by prior diversification posture....