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 | |
| 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
Publisher Copyright:© 2017 Academy of Management. All rights reserved.
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 10 Reduced Inequalities
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