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

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

Research output: Contribution to conferencePaperpeer-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 languageEnglish (US)
DOIs
StatePublished - 2017
Event77th Annual Meeting of the Academy of Management, AOM 2017 - Atlanta, United States
Duration: Aug 4 2017Aug 8 2017

Other

Other77th Annual Meeting of the Academy of Management, AOM 2017
CountryUnited States
CityAtlanta
Period8/4/178/8/17

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