2026-09-21T11:50:04Z https://www.ideals.illinois.edu/oai-pmh

oai:www.ideals.illinois.edu:2142/71411 2023-07-11 col_2142_5131 col_2142_16440 com_2142_5130 com_2142_16439 com_2142_9216

Minyard, Donald Hoyt 2014-12-16T06:41:23Z 2014-12-16T06:41:23Z 10000-01-01 1988 1988 Many companies have divested portions of their operations. Previous studies have shown that certain divestitures tend to result in stock price increases; thus investors may benefit from a consideration of factors underlying the divestment process. This study draws from both wealth maximization theory and agency theory to obtain variables considered useful in modeling the divestment process. Logit analysis is used to model the decision process firms undertake when making divestment decisions and to test for differences between characteristics of divesting firms and those of other firms within the industry in which they primarily operate. Univariate tests are used in examining characteristics of divested units and how they differ from characteristics of nondivested units. Results indicate that divesting firms tend to be more diverse, larger, and earn lower returns than their competitors, and that divested units tend to earn lower returns on assets and exhibit lower revenue growth than do units not divested. Made available in DSpace on 2014-12-16T06:41:23Z (GMT). No. of bitstreams: 1 8823202.pdf: 4928524 bytes, checksum: 34b1d0da0842d52f88750a0a0f46fe83 (MD5) Previous issue date: 1988 Embargo set by: Seth Robbins for item 71577 Lift date: Forever Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs U of I Only 128 p. Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1988. http://hdl.handle.net/2142/71411 (UMI)AAI8823202 Business Administration, Accounting An Examination of Variables Associated With Divestment Decisions text Accountancy Accountancy University of Illinois at Urbana-Champaign Dissertation Ph.D.