Outputs (2)

Boundary of the firm with endogenous firm structure (2022)
Journal Article
Ma, Q., & Wang, S. (2022). Boundary of the firm with endogenous firm structure. Journal of Financial Research, 45(4), 797-816. https://doi.org/10.1111/jfir.12298

We study the boundary of the firm with endogenous firm structure. The firm has two restructuring options: internal restructuring by which the firm centralizes or decentralizes decision making, or external restructuring by which the firm spins off a d... Read More about Boundary of the firm with endogenous firm structure.

Divestment Options under Tacit and Incomplete Information (2018)
Journal Article
Ma, Q., & Wang, S. (2018). Divestment Options under Tacit and Incomplete Information. Pacific-Basin Finance Journal, 49, 15-29. https://doi.org/10.1016/j.pacfin.2018.03.001

While the literature has mainly focused on why a firm decides to divest a subsidiary, we investigate theoretically what the best divestment option is for a firm to divest a subsidiary. The firm chooses among the four most popular divestment options i... Read More about Divestment Options under Tacit and Incomplete Information.