The adjustment costs of scope reduction: Evidence from the financial crisis

Rui J.P. de Figueiredo; Emilie Feldman; Evan Rawley

doi:10.5465/ambpp.2017.14

The adjustment costs of scope reduction: Evidence from the financial crisis

Rui J.P. de Figueiredo, Emilie Feldman, Evan Rawley

Strategic Management and Entrepreneurship

Research output: Contribution to conference › Paper › peer-review

Abstract

We study how refocusing affects the performance of multi-business firms. Using hedge fund firms that closed funds during the 2007-2009 financial crisis, we find evidence that refocusing taxes a firm’s organization by creating corporate adjustment costs in the short-term and destroying synergies between business units in the long-term.

Original language	English (US)
DOIs	https://doi.org/10.5465/ambpp.2017.14
State	Published - 2017
Event	77th Annual Meeting of the Academy of Management, AOM 2017 - Atlanta, United States Duration: Aug 4 2017 → Aug 8 2017

Other

Other	77th Annual Meeting of the Academy of Management, AOM 2017
Country/Territory	United States
City	Atlanta
Period	8/4/17 → 8/8/17

Bibliographical note

Publisher Copyright:
© 2017 Academy of Management. All rights reserved.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access

10.5465/ambpp.2017.14

OpenUrl availability

Full text

Cite this

@conference{5a73f69938ba4f37bb8ec489306e8122,

title = "The adjustment costs of scope reduction: Evidence from the financial crisis",

abstract = "We study how refocusing affects the performance of multi-business firms. Using hedge fund firms that closed funds during the 2007-2009 financial crisis, we find evidence that refocusing taxes a firm{\textquoteright}s organization by creating corporate adjustment costs in the short-term and destroying synergies between business units in the long-term.",

author = "{de Figueiredo}, {Rui J.P.} and Emilie Feldman and Evan Rawley",

note = "Publisher Copyright: {\textcopyright} 2017 Academy of Management. All rights reserved.; 77th Annual Meeting of the Academy of Management, AOM 2017 ; Conference date: 04-08-2017 Through 08-08-2017",

year = "2017",

doi = "10.5465/ambpp.2017.14",

language = "English (US)",

}

TY - CONF

T1 - The adjustment costs of scope reduction

T2 - 77th Annual Meeting of the Academy of Management, AOM 2017

AU - de Figueiredo, Rui J.P.

AU - Feldman, Emilie

AU - Rawley, Evan

PY - 2017

Y1 - 2017

N2 - We study how refocusing affects the performance of multi-business firms. Using hedge fund firms that closed funds during the 2007-2009 financial crisis, we find evidence that refocusing taxes a firm’s organization by creating corporate adjustment costs in the short-term and destroying synergies between business units in the long-term.

AB - We study how refocusing affects the performance of multi-business firms. Using hedge fund firms that closed funds during the 2007-2009 financial crisis, we find evidence that refocusing taxes a firm’s organization by creating corporate adjustment costs in the short-term and destroying synergies between business units in the long-term.

UR - http://www.scopus.com/inward/record.url?scp=85046470821&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85046470821&partnerID=8YFLogxK

U2 - 10.5465/ambpp.2017.14

DO - 10.5465/ambpp.2017.14

M3 - Paper

AN - SCOPUS:85046470821

Y2 - 4 August 2017 through 8 August 2017

ER -

The adjustment costs of scope reduction: Evidence from the financial crisis

Abstract

Other

Bibliographical note

UN SDGs

Access

OpenUrl availability

Other files and links

Fingerprint

Cite this