Legitimacy Needs as Drivers of Business Exit

  • Authors
  • Carolin Decker

Table of contents

  1. Front Matter
    Pages I-XVII
  2. Pages 1-8
  3. Pages 9-34
  4. Pages 35-64
  5. Pages 65-85
  6. Pages 87-110
  7. Pages 111-126
  8. Back Matter
    Pages 127-181

About this book


A diversified firm’s withdrawal from a business unit, i.e. business exit, is a significant phenomenon in management practice. Although divestitures are highly relevant in practice, the acquisition of business units attracts much more attention in strategic management research.

Carolin Decker develops and empirically applies a framework in which business exits serve the purpose of re-establishing a firm’s previously harmed legitimacy. She suggests four types of legitimacy needs that are to be satisfied with the divestiture of a business unit and the simultaneous pursuit of strategic reorientation. The author tests the theoretical framework with secondary data on 213 business exits. Her findings support the idea that legitimacy needs drive the likelihood of fit-enhancing business exits in divesting firms.


Legitimation Managementforschung Neoinstitutionalismus Strategischer Wandel Unsicherheitsentscheidungen business

Bibliographic information

  • DOI
  • Copyright Information Betriebswirtschaftlicher Verlag Dr. Th. Gabler | GWV Fachverlage GmbH, Wiesbaden 2008
  • Publisher Name Gabler
  • eBook Packages Business and Economics
  • Print ISBN 978-3-8349-0936-7
  • Online ISBN 978-3-8349-9759-3
  • Buy this book on publisher's site
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