Showing papers on "Divestment published in 1979"
TL;DR: In this paper, a strategic dimension is becoming more apparent as some firms divest themselves of subsidiaries that do not “fit” even if they are profitable, and organizational and personal factors definitely affect the decision-making process leading to divestment.
Abstract: There is ample evidence that the number of divestments by multinational firms has been increasing. The explanation is mainly financial—namely, poor performance. However, a strategic dimension is becoming more apparent as some firms divest themselves of subsidiaries that do not “fit” even if they are profitable. Finally, organizational and personal factors definitely affect the decision-making process leading to divestment. In conclusion, divestment is becoming part of the repertory of multinationals, but we still lack comparative data about U.S.-based divestments.
167 citations
32 citations
TL;DR: The effect of antitrust laws on the food industry is examined in terms of enforecement patterns, competitive trends in the industry, and a comparison with experiences of other countries as discussed by the authors.
Abstract: The effect of antitrust laws on the food industry is examined in terms of enforecement patterns, competitive trends in the industry, and a comparison with experiences of other countries. Although the antitrust laws have focused on those firms that compete most successfully, it has helped to preserve competition among industries whose products have little differentiation. Several suggestions are made for making antitrust policies more effective, such as prompt public information about large firms through Federal chartering or some other means, more control of advertising through trademark licensing or cost ceilings on advertising for some products, alternatives to divestiture that will weaken conglomerate power by limiting mergers and activities, and broadening markets through electronic exchanges. 21 references.
5 citations
Journal Article•
1 citations
1 citations
TL;DR: The vigorous acquisition and divestment program at W. R. Grace makes that company the most active operations shuffler in the U.S. chemical industry as mentioned in this paper, and announcements of deals come out of the company's announcement board.
Abstract: The vigorous acquisition and divestment program at W. R. Grace makes that company the most active operations shuffler in the U.S. chemical industry. Announcements of deals come out of the company's...
1 citations
TL;DR: The traditional profit center concept of Management has a fatal defect as discussed by the authors, it concentrates on near term reported profit rather than cash flow, and it tends to move in opposite directions.
Abstract: The traditional profit centre concept of Management has a fatal defect. It concentrates attention on near term reported profit rather than cash flow. The two are not equivalent. Both short term and long term, they tend to move in opposite directions. Near term investment depresses near term reported profit although it may increase profit markedly later. Near term divestment frequently appears as near term profit but also often leads to liquidation of the business in the long run.
1 citations