Antecedents and outcomes of corporate refocusing
回顾1983-1996年实证研究，识别导致公司通过多次资产剥离实现重新聚焦的前因条件（如环境变化、治理失效、绩效不佳）及其对战略、员工和绩效的影响，并构建研究分类模型。
During the 1980s a large number of firms refocused or down-scoped using multiple divestitures. This paper reviews recent empirical research (1983-1996) to isolate and identify the antecedent conditions that lead to downscoping and its outcomes. Antecedent conditions include changing environmental conditions, firm governance, ineffective strategy, poor performance, and financial restructuring. Outcomes of the process examine how firm strategy has changed and its effect on employees and firm performance. I develop a model to classify research into topic areas and discuss future research directions and related issues.