rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Corporate restructuring
    sub title: an investigation of antecedents to divestitures and leveraged buyouts
  name:
    name part: Smart, Dennis Lee
    name part: 1949-
    role:
      role term: creator
  name:
    name part: Hitt, Michael A.
    role:
      role term: degree supervisor.
  name:
    name part: Hoskisson, Robert E.
    role:
      role term: degree committee member.
  name:
    name part: Jenkins, Omer C.
    role:
      role term: degree committee member.
  name:
    name part: Zardkoohi, Asghar
    role:
      role term: degree supervisor.
  name:
    name part: Texas A & M University
    role:
      role term: degree granting institution.
  type of resource: text
  genre: bibliography
  genre: Academic theses.
  origin info:
    place:
      place term: xx
    date issued: 1993
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: print
    extent: x, 167 leaves : illustrations ; 28 cm
  abstract: Corporate restructuring of publicly owned firms has recently become a common occurrence. The magnitude of restructuring events, both in terms of value and actual numbers, indicate corporate restructuring is, and has been, an important corporate activity. According to Ravenscraft (1987), 38% of all merger and acquisition announcements between 1983 and 1986 were divestitures. Additionally, complex types of corporate restructuring, including leveraged buyouts (LBOs), spin-offs, equity carve-outs, etc., have become more common and no longer represent only the most extreme forms of corporate restructuring. That is, simple divestitures are not the only types of restructuring that firms engage in relative to downsizing and strategic reorientation. Other types of restructuring are becoming increasingly important components of the general phenomena associated with corporate restructuring. The purpose of this dissertation was to investigate two important research questions relative to corporate restructuring. First, are specific types of restructuring related to organizational characteristics and second, what is the nature of these relationships? Hypotheses were developed through integration of theoretical perspectives that are relevant to corporate restructuring. Perspectives included agency/governance, managerial characteristics and resource availability. Operating performance and total diversification were control variables. Modes of restructuring included in this research are "voluntary" divestitures and LBOs which represent different types and are likely to have different antecedents. Logistic regressions and path analytic techniques were employed to evaluate the data. The results of the analyses indicated that variables associated with each of the aforementioned perspectives were significant predictors of the occurrence of LBOs versus divestitures. In addition to performance and diversification, other significant predictors were ownership concentration, managerial exper…
  note: "Major subject: Management."
  note: Vita.
  note: Ph. D. Texas A & M University 1993
  note: Includes bibliographical references.
  subject:
    geographic code: n-us---
  subject:
    topic: Consolidation and merger of corporations
    geographic: United States
  subject:
    topic: Corporate reorganizations
    geographic: United States
  subject:
    topic: Leveraged buyouts
    geographic: United States
  subject:
    topic: Major management
  subject:
    topic: Consolidation and merger of corporations
  subject:
    topic: Corporate reorganizations
  subject:
    topic: Leveraged buyouts
  subject:
    geographic: United States
  identifier: http://gateway.proquest.com/openurl
  identifier: https://hdl.handle.net/1969.1/DISSERTATIONS-1483774
  identifier: http://proxy.library.tamu.edu/login
  related item:
    location:
      url: http://gateway.proquest.com/openurl
  related item:
    location:
      url: https://hdl.handle.net/1969.1/DISSERTATIONS-1483774
  related item:
    location:
      url: http://proxy.library.tamu.edu/login
  record info:
    record content source: TXA
    record creation date: 950627
    record change date: 20220103134913.0
    record identifier: in00001235590
    language of cataloging:
      language term: eng