An evolutionary perspective on diversification and corporate restructuring: entry, exit, and economic performance during 1981-89

Article Abstract:

A theoretical framework which posits that firms participate in continuous search and selection activities for the purpose of enhancing their knowledge base and consequently bettering their performance is applied to the context of corporate evolution. Entry and exit activities are defined as the firms' search and selection effort to enhance its performance. This model holds that firms learn from their past entry experience and undertake the next entry in a more focused and directed fashion across time. Moreover, firms gain more knowledge from each entry while employing their present knowledge base. A longitudinal empirical investigation shows that firms regularly look for new businesses to enter and unprofitable incumbent businesses to exit to boost their performance, using their knowledge base as the basis for their decision. The sequential entering and exiting of businesses occurs while their knowledge bases are being built and focused.

Models, Corporate reorganizations, Diversification in industry, Industrial diversification

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Creating barriers for foreign competitors: a study of the impact of anti-dumping actions on the performance of U.S. firms

Article Abstract:

A study was conducted to determine if a particular type of trade barrier, referred to as anti-dumping protection, can enhance the performance of US firms. This research used event study methodology to analyze the petitions filed with the Dept of Commerce between 1980 and 1992 by organizations that complain of dumping strategies of foreign firms. Findings revealed that the petitioners saw their market value increase by an average of $46 million due to their anti-dumping petition, thereby showing that anti-dumping laws substantially raise the returns of American firms that demand anti-dumping protection. Nevertheless, preliminary or final assessments of the International Trade Commission did not result in major shifts in market value, except when petitions got a negative determination at the end fo the process, during which a loss of market value was observed.

Research, Foreign corporations, International competition (Commerce), International competition (Economics), Barriers to entry (Industrial organization), Barriers to entry, Antidumping duties

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