Research on Divestiture Deterrents and its Implication of Family Business：Organizational Inertia Perspective

摘要：

The timely exit of a firm’s resources from a business that is failing can be a delicate manoeuvre and a strategical innovation.Since the 1980s,tens of thousands of enterprises have restructured their businesses through asset divestiture to improve their performance and raise funds.However, compared with the mergers and acquisitions，asset divestiture has not been concerned in industrial practical and theoretic study over a long period of time.Current studies have focused on the reasons，objectives and performance evaluation of divestiture.Based on the perspective of organizational inertia and combined with the current domestic and international research，this article attempts to analyze the deterrents to asset divestiture and its implications in the decisionmaking mechanism of family business.This paper puts forth the corresponding theoretical assumptions and suggestions.

关键词： Assets divestiture Organizational inertia Deterrents Implication

作者: Chun-xiao SUN Guo-yan LIU

作者单位: School of Management,Zhejiang Universityy,Hangzhou,P.R.C.310000 School of Economy and Trade,Zhijiang College.Zhejiang University of Technology,Hangzhou,P.R.C.310024

会议类型: 国际会议

会议名称: The Second China Private Economy Innovation International Forum(第二届中国民营经济创新国际论坛)

会议地点: 浙江台州

会议语种:英文

页码: 366-368

在线出版日期: 2009-08-21（万方平台首次上网日期，不代表论文的发表时间）