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

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© 2017 Academy of Management. All rights reserved.

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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",

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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.

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M3 - Paper

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Y2 - 4 August 2017 through 8 August 2017

ER -

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

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Bibliographical note

UN SDGs

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