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Divestment: Motives and gains

Cynthia A. Montgomery, Ann R. Thomas

Strategic Management Journal · 1988 · Volume 9 · Issue 1

DOI: 10.1002/smj.4250090108

Abstract

A follow-up to earlier study, this research demonstrates that the stock market's positive revaluation of divesting firms is unlikely to be due to changes in short-term performance.

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