[1]    Decker, Carolin and Mellewigt, Thomas (2007). Thirty Years After Michael E. Porter: What Do We Know About Business Exit? Academy of Management Perspectives, 21(2) pp. 41–55.
[2]    Elfenbein, D. W. and A. M. Knott (2015). "Time to exit: Rational, behavioral, and organizational delays." Strategic Management Journal 36(7): 957-975.
[3]    Xie, X. L., et al. (2016). "Toward a typology of exit strategies." Management Decision 54(8): 1986-2007.
[4]    Thywissen, C., et al. (2018). "Process matters-The relevance of the decision making process for divestiture outcomes." Long Range Planning 51(2): 267-284.
[5]    Andrews, K. 1971. The concept of corporate strategy. Homewood, IL: Irwin.
[6]    Hite, G., &Owers, J. 1983. Security price reaction around corporate spin-off announcements. Journal of Financial Economics, 12: 409-436.
[7]    Porter ME (1976) 'Please note location of nearest exit: exit barriers and planning'. California Management Review 19: 21–33.
[8]    Mulherin, H. J., & Boone, A. L. 2000. Comparing acquisitions and divestitures. Journal of Corporate Finance, 6: 117-139
[9]    Lee, D. and R. Madhavan (2010). "Divestiture and Firm Performance: A Meta-Analysis." Journal of Management 36(6): 1345-1371.
[10]    Shimizu, K. and Hitt, M.A. (2005), “What constrains or facilitates divestitures of formerly acquiredfirms? The effects of organizational inertia”, Journal of Management, Vol. 31 No. 1, pp. 50-72
[11]    Nixon, T. D., Roenfeldt, R. L., &Sicherman, N. W. (2000).The choice between spin-offs and sell-offs. Review of Quantitative Finance and Accounting, 14, 277–288
[12]    Foster, L., Haltiwanger, J., &Krizan, C. J. (2005). Marketselection, reallocation and restructuring in the U.S. retail trade sector in the 1990s. Working paper from the Bureauof the Census, December 2005.
[13]    Nathan Furr & Rahul Kapoor, 2018. "Capabilities, technologies, and firm exit during industry shakeout: Evidence from the global solar photovoltaic industry," Strategic Management Journal, Wiley Blackwell, vol. 39(1), pages 33-61, January.
[14]    Burgelman, R. A. (1996). "Progress model of strategic business exit: Implications for an evolutionary perspective on strategy." Strategic Management Journal 17: 193-214.
[15]    Dranikoff, L., Koller, T. and Schneider, A. (2002), “Divestiture: strategy’s missing link”, HarvardBusiness Review, Vol. 80 No. 5, pp. 74-83, 133
[16]    Sohl, T. and T. B. Folta (2021). "Market exit and the potential for resource redeployment: Evidence from the global retail sector." Strategic Management Journal 42(12): 2273-2293.
[17]    Singh, H. (1993), “Challenges in researching corporate restructuring”, Journal of Management Studies, Vol. 30 No. 1, pp. 147-172.
[18]    Brauer, M. (2006), “What have we acquired and what should we acquire in divestiture research? A review and research agenda”, Journal of Management, Vol. 32 No. 6, pp. 751 785.
[19]    Silva, P. and Moreira, A.C. (2019), "A systematic review of the literature on industrial divestment", Baltic Journal of Management, Vol. 14 No. 3, pp. 443-461.
[20]    Rousseau, D. M. (Ed.). (2012). The Oxford handbook of evidence-based management. Oxford University Press.
[21]    Kubacki K., Thiele S., Lahtinen V., Parkinson, V. (2015) "A systematic review assessing the extent of social marketing principle use in interventions targeting children (2000-2014)", Young Consumers, 16 (2), pp.141 – 158.
[22]    Cooper, H. (2010). Research Synthesis and Meta- Analysis A Step-by-Step Approach. Sage Publications, Inc
[23]    Ilmakunnas, P. and J. Topi (1999). "Microeconomic and macroeconomic influences on entry and exit of firms." Review of Industrial Organization 15(3): 283-301.
[24]    Mahmoodi, J., aghaeeroozbahani, A. (2022). Thematic clusters in the field of organizational governance science. Management Research in Iran, 26(2), 43-69.
[25]    Nathan Furr & Rahul Kapoor, 2018. "Capabilities, technologies, and firm exit during industry shakeout: Evidence from the global solar photovoltaic industry," Strategic Management Journal, Wiley Blackwell, vol. 39(1), pages 33-61, January.
[26]    Camerani, R., et al. (2020). "It's never too late (to enter) ... till it is! Firms' entry and exit in the digital audio player industry." Technological Forecasting and Social Change 153: 16.
[27]    Lieberman, M. B., et al. (2017). "ENTRY, EXIT, AND THE POTENTIAL FOR RESOURCE REDEPLOYMENT." Strategic Management Journal 38(3): 526-544.
[28]    Gwendolyn K. Lee Srikanth Parachuri . "Resource
[29]    Redeployment through Exit and Entry: Threats of Substitution as Inducements" In Resource Redeployment and Corporate Strategy. Published online: 31 Aug 2016; 89-124
[30]    Kleijweg, A. J. M. and M. H. C. Lever (1996). "Entry and exit in Dutch manufacturing industries." Review of Industrial Organization 11(3): 375-382.
[31]    Ilmakunnas, P. and J. Topi (1999). "Microeconomic and macroeconomic influences on entry and exit of firms." Review of Industrial Organization 15(3): 283-301.
[32]    Doan, T. T., et al. (2018). "Lessons from the flipside: How do acquirers learn from divestitures to complete acquisitions?" Long Range Planning 51(2): 252-266.
[33]    Amiri, S., King, D. and DeMarie, S. (2020), "Divestiture of prior acquisitions: competing explanations of performance", Journal of Strategy and Management, Vol. 13 No. 1, pp. 33-50.
[34]    Bergh, D. D. (1997). "Predicting divestiture of unrelated acquisitions: An integrative model of ex ante conditions." Strategic Management Journal 18(9): 715-731.
[35]    Mahmoodi, J., aghaeeroozbahani, A. (2022). Thematic clusters in the field of organizational governance science. Management Research in Iran, 26(2), 43-69.
[36]    Decker, C. and T. Mellewigt (2012). "Business Exit and Strategic Change: Sticking to the Knitting or Striking a New Path?" British Journal of Management 23(2): 165-178.
[37]    Moschieri, Caterina and Mair, Johanna, Research on Corporate Divestitures: A Synthesis (2008). Journal of Management & Organization, Vol. 14, No. 4, pp. 399-422
[38]    Nguyen, P. and N. Rahman (2015). "Which governance characteristics affect the incidence of divestitures in Australia?" Australian Journal of Management 40(2): 351-374.
[39]    Chang, S. J. and H. Singh (1999). "The impact of modes of entry and resource fit on modes of exit by multibusiness firms." Strategic Management Journal 20(11): 1019-1035.
[40]    Joseph Amankwah-Amoah , (2015),"A unified framework for incorporating decision making into explanations of business failure", Industrial Management & Data Systems, Vol. 115 Iss 7 pp. 1341 -1357
[41]    Burgelman, R. A. (1994). "FADING MEMORIES - A PROCESS THEORY OF STRATEGIC BUSINESS EXIT IN DYNAMIC ENVIRONMENTS." Administrative Science Quarterly 39(1): 24-56.
[42]    41.Coudounaris, D. N., et al. (2020). "Three decades of subsidiary exits: Parent firm financial performance and moderators." Journal of Business Research 110: 408-422
[43]    Peruffo, E., et al. (2018). "Experience as a source of knowledge in divestiture decisions: emerging issues and knowledge management implications." Journal of Knowledge Management 22(2): 344-361.
[44]    Kolev, K. D. (2016). "To Divest or not to Divest: A Meta-Analysis of the Antecedents of Corporate Divestitures." British Journal of Management 27(1): 179-196.
[45]    Amy Dittmar & Anil Shivdasani,( 2003). "Divestitures and Divisional Investment Policies," Journal of Finance, American Finance Association, vol. 58(6), pages 2711-2744, December.
[46]    45.Berry, H. (2010). ‘Why do firms divest?’, Organization Science, 21, pp. 380–396
[47]    46.Wang, P. F. and M. Jensen (2019). "A Bridge Too Far: Divestiture as a Strategic Reaction to Status Inconsistency." Management Science 65(2): 859-878.
[48]    Moschieri, Caterina and Mair, Johanna, Research on Corporate Divestitures: A Synthesis (2008). Journal of Management & Organization, Vol. 14, No. 4, pp. 399-422
[49]    Javadi, M., kordnaeij, A., Khodad Hosseini, S. H., &Ganjali, A. (2022). Examining The Role of Historical Dimensions of The Organization in The Managers' Decision to Implement Strategic Changes; A Systematic Review. Modern Research in Decision Making, 7(4), 157-188
[50]    Mirbagheri, S. M., RafieiAtani, A. O., &Parsanejad, M. (2021). A Systematic Literature Review of the Collective Decision-Making. Modern Research in Decision Making, 6(3), 239-258.
[51]    Mirbagheri, S., RafieiAtani, A. (2022). Identify the Factors Affecting Collective Decision-Making and its Consequences. Management Research in Iran, 26(3), 26-45.
[52]    Kolev, K. D. and G. McNamara (2020). "Board demography and divestitures: The impact of gender and racial diversity on divestiture rate and divestiture returns." Long Range Planning 53(2): 18.
[53]    Ahn S, Walker MD (2007) Corporate governance and the spinoff decision. J Corp Financ 13(1):76–93
[54]    Chiu, S. C., et al. (2016). The impact of CEO successor origin on corporate divestiture scale and scope change. Leadership Quarterly 27(4): 617-633.
[55]    Moschieri, C. (2011). "THE IMPLEMENTATION AND STRUCTURING OF DIVESTITURES: THE UNIT'S PERSPECTIVE." Strategic Management Journal 32(4): 368-401.
[56]    Brahmana, R. K., et al. (2021). Divestiture strategy, CEO power and firm performance. Management Research Review 44(3): 418-436.
[57]    Ma, H., et al. (2014). "Business exit as a deliberate strategy for incumbent firms." Organizational Dynamics 43(4): 266
[58]    Firk, S., et al. (2021). "Does value-based management facilitate managerial decision-making? An analysis of divestiture decisions." Management Accounting Research 51: 18.
[59]    Coad, A. (2014). "Death is not a success: Reflections on business exit." International Small Business Journal-Researching Entrepreneurship 32(7): 721-732.
[60]    Decker C, Bresser RK, Mellewigt T (2010) Strategic or status quo-preserving business exit: (how) do CEO turnover and succession matter? Discussion paper, FreieUniversität Berlin
[61]    Feldman, E. R., & McGrath, P. J. (2016). Divestitures. Journal of Organization Design, 5 (2),
[62]    Hopkins, H.D. (1991), “Acquisition and divestiture as a response to competitive position and market structure”, Journal of Management Studies, Vol. 28 No. 6, pp. 665-677
[63]    Pham, D., Nguyen, T. and Adhikari, H. (2018), "Determinants of divestiture methods for US firms: asset sell-off versus equity carve-out", Review of Accounting and Finance, Vol. 17 No. 1, pp. 41-57
[64]    Oberg, C. (2021). "Spin-in and spin-out for growth - On the acquisition and divestiture of high-tech firms." Journal of Organizational Change Management 34(3): 653-671.
[65]    Albert, L. S., & DeTienne, D. R. (2016). Founding Resources and Intentional Exit Sales Strategies: An Imprinting Perspective. Group & Organization Management, 41(6), 823–846. 
[66]    Cefis, E. and O. Marsili (2012). "Going, going, gone. Exit forms and the innovative capabilities of firms." Research Policy 41(5): 795-807.
[67]    Belén Villalonga & Anita M. McGahan, 2005. "The choice among acquisitions, alliances, and divestitures," Strategic Management Journal, Wiley Blackwell, vol. 26(13), pages 1183-1208, December.
[68]    Fortune, A. and W. Mitchell (2012). "Unpacking Firm Exit at the Firm and Industry Levels: The Adaptation and Selection of Firm Capabilities." Strategic Management Journal 33(7): 794-819.
[69]    Kato, M., Onishi, K. & Honjo, Y. Does patenting always help new firm survival? Understanding heterogeneity among exit routes. Small Bus Econ 59, 449–475 (2022).
[70]    Grazzi, M., Piccardo, C. & Vergari, C. Turmoil over the crisis: innovation capabilities and firm exit. Small Bus Econ 59, 537–564 (2022
[71]    Bergh, D. D. and B. M. Sharp (2015). "How Far Do Owners Reach Into the Divestiture Process? Blockholders and the Choice Between Spin-Off and Sell-Off." Journal of Management 41(4): 1155-1183.
[72]    Chirico, F., Gómez-Mejia, L. R., Hellerstedt, K., Withers, M., & Nordqvist, M. (2020). To Merge, Sell, or Liquidate? Socioemotional Wealth, Family Control, and the Choice of Business Exit. Journal of Management, 46(8), 1342–1379.
[73]    Ponikvar, N., Zajc Kejžar, K., & Peljhan, D. (2018). The role of financial constraints for alternative firm exit modes. Small Business Economics, 51, 85-103.
[74]    Chiu, Sc.(., Sabz, A. Can Corporate Divestiture Activities Lead to Better Corporate Social Performance?. J Bus Ethics 179, 849–866 (2022).
[75]    Feldman, E. R., et al. (2016). "Corporate divestitures and family control." Strategic Management Journal 37(3): 429-446.
[76]    Moschieri, C. and J. Mair (2011). "Adapting for Innovation: Including Divestitures in the Debate." Long Range Planning 44(1): 4-25.
[77]    Veld, C. and Veld-Merkoulova, Y. (2009) Value creation through spin-offs: a review of the empirical evidence. International Journal of Management Reviews, 11(4), pp. 407-420. 
[78]    Bettinazzi, Emanuele & Feldman, Emilie. (2021). Stakeholder Orientation and Divestiture Activity. The Academy of Management Journal. 64. 1078-1096. 10.5465/amj.2019.0627. 
[79]    Teschner, N. and Paul, H. (2021), "The impact of divestitures on shareholder wealth – The DACH case", European Journal of Management and Business Economics, Vol. 30 No. 1, pp. 55-71.
[80]    Vidal, E. and W. Mitchell (2018). "Virtuous or vicious cycles? The role of divestitures as a complementary Penrose effect within resource-based theory." Strategic Management Journal 39(1): 131-154.Volume 11, Issue 4, Pages 959-975.
[81]    Flickinger, M. and M. Zschoche (2018). "Corporate divestiture and performance: an institutional view." Journal of Management & Governance 22(1): 111-131.