In addressing the two research questions that are typically asked in studies about divestitures (what motivates firms to undertake divestitures, and what are the performance consequences of these deals?), the two following models are generally employed: (1) Divestiture it = θY it + δ i + ζ t + η it (2) Performance it = βDivestiture it + γX it + δ i + ζ t + ε it .
Nicotine use amongst athletes is high and increasing, especially team sports, yet the limited previous studies investigating the performance consequences of this behaviour have not examined the effects of the principal active ingredient, nicotine, per se.
These characteristics can be used to measure the motivations for divestitures (e.g., does inappropriately-specialized analyst coverage drive firms to undertake divestitures?), to quantify the performance implications of divestitures (e.g., how do divestitures affect the return on equity of the divesting firms?), and to control for heterogeneity in the performance consequences of these deals.
As mentioned previously, the existing literature on divestitures generally seeks to answer either or both of the following two questions: what motivates firms to undertake divestitures, and what are the performance consequences of these deals?
Consistent with the growing use of nonfinancial performance measures by public and private sector organizations, researchers are placing increasing emphasis on the choice, use and performance consequences of these measures.
This study investigates the performance consequences of trainees setting an unrealistically difficult goal early in videogame-based training, and the mechanisms underlying this relationship.
In studying the performance consequences of research and development (R&D) alliances, one stream of research has concentrated on the acquisition of partners' technological knowledge whereas another has focused on firms' new product development outcomes.
These results show the value of investigating trait utility for understanding the performance consequences of phenotypic divergence in adaptive radiation.
Using parsimonious models, they conducted an experimental design to test performance consequences of various coordination mechanisms, including the budget versus pricing planning systems and different organizational information systems (Burton and Obel 1980a).
This approach also allows the performance consequences of each variable to be thoroughly explored [19].
