{"id":"https://openalex.org/W2008733405","doi":"https://doi.org/10.1111/j.1540-6261.1986.tb02527.x","title":"An Analysis of Divestiture Effects Resulting from Deregulation","display_name":"An Analysis of Divestiture Effects Resulting from Deregulation","publication_year":1986,"publication_date":"1986-12-01","ids":{"openalex":"https://openalex.org/W2008733405","doi":"https://doi.org/10.1111/j.1540-6261.1986.tb02527.x","mag":"2008733405"},"language":"en","primary_location":{"id":"doi:10.1111/j.1540-6261.1986.tb02527.x","doi":"https://doi.org/10.1111/j.1540-6261.1986.tb02527.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1540-6261.1986.tb02527.x","pdf_url":null,"source":{"id":"https://openalex.org/S5353659","display_name":"The Journal of Finance","issn_l":"0022-1082","issn":["0022-1082","1540-6261"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5024581155","display_name":"Andrew H. Chen","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"ANDREW H. CHEN","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5002826882","display_name":"Larry J. Merville","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I162577319","display_name":"The University of Texas at Dallas","ror":"https://ror.org/049emcs32","country_code":"US","type":"education","lineage":["https://openalex.org/I162577319"]},{"id":"https://openalex.org/I178169726","display_name":"Southern Methodist University","ror":"https://ror.org/042tdr378","country_code":"US","type":"education","lineage":["https://openalex.org/I178169726"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"LARRY J. MERVILLE","raw_affiliation_strings":["Southern Methodist University and The University of Texas at Dallas, respectively. We would like to thank J. Rosenfeld, R. Walkling, C. Muscarella, and the participants in the Finance Workshops at both universities for their discussion and comments. Finally, we would like to thank Mary Chaffin for her help in data collection and an anonymous referee for many useful comments, which are incorporated in the paper"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Southern Methodist University and The University of Texas at Dallas, respectively. We would like to thank J. Rosenfeld, R. Walkling, C. Muscarella, and the participants in the Finance Workshops at both universities for their discussion and comments. Finally, we would like to thank Mary Chaffin for her help in data collection and an anonymous referee for many useful comments, which are incorporated in the paper","institution_ids":["https://openalex.org/I162577319","https://openalex.org/I178169726"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":4430,"currency":"USD","value_usd":4430},"apc_paid":null,"fwci":5.8909,"has_fulltext":false,"cited_by_count":25,"citation_normalized_percentile":{"value":0.96454183,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"41","issue":"5","first_page":"997","last_page":"1010"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9380000233650208,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9380000233650208,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.01759999990463257,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0142000000923872,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/divestment","display_name":"divestiture","score":0.800000011920929},{"id":"https://openalex.org/keywords/deregulation","display_name":"deregulation","score":0.8870000243186951},{"id":"https://openalex.org/keywords/wealth-transfer","display_name":"wealth transfer","score":0.45399999618530273},{"id":"https://openalex.org/keywords/capital-markets","display_name":"capital markets","score":0.453000009059906}],"concepts":[{"id":"https://openalex.org/C181190989","wikidata":"https://www.wikidata.org/wiki/Q1200733","display_name":"Divestment","level":2,"score":0.9735387563705444},{"id":"https://openalex.org/C78780426","wikidata":"https://www.wikidata.org/wiki/Q902410","display_name":"Deregulation","level":2,"score":0.9169768691062927},{"id":"https://openalex.org/C2777871205","wikidata":"https://www.wikidata.org/wiki/Q100926628","display_name":"Breakup","level":2,"score":0.8325276374816895},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6120191812515259},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.4387272000312805},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.40292888879776},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.22272062301635742},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.13072466850280762},{"id":"https://openalex.org/C57879066","wikidata":"https://www.wikidata.org/wiki/Q41217","display_name":"Mechanics","level":1,"score":0.06324604153633118},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.059682995080947876},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1111/j.1540-6261.1986.tb02527.x","doi":"https://doi.org/10.1111/j.1540-6261.1986.tb02527.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1540-6261.1986.tb02527.x","pdf_url":null,"source":{"id":"https://openalex.org/S5353659","display_name":"The Journal of Finance","issn_l":"0022-1082","issn":["0022-1082","1540-6261"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Finance","raw_type":"journal-article"},{"id":"doi:10.2307/2328160","doi":"https://doi.org/10.2307/2328160","is_oa":false,"landing_page_url":"https://doi.org/10.2307/2328160","pdf_url":null,"source":{"id":"https://openalex.org/S5353659","display_name":"The Journal of Finance","issn_l":"0022-1082","issn":["0022-1082","1540-6261"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Finance","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:bla:jfinan:v:41:y:1986:i:5:p:997-1010","doi":null,"is_oa":false,"landing_page_url":"http://links.jstor.org/sici?sici=0022-1082%28198612%2941%3A5%3C997%3AAAODER%3E2.0.CO%3B2-5&origin=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.5473999977111816,"id":"https://metadata.un.org/sdg/16","display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":19,"referenced_works":["https://openalex.org/W1520386898","https://openalex.org/W1990647126","https://openalex.org/W1991514750","https://openalex.org/W2027889491","https://openalex.org/W2037121750","https://openalex.org/W2052347102","https://openalex.org/W2054467010","https://openalex.org/W2071511656","https://openalex.org/W2077257927","https://openalex.org/W2080925465","https://openalex.org/W2102461236","https://openalex.org/W2122475996","https://openalex.org/W2126806822","https://openalex.org/W2128778916","https://openalex.org/W2129605852","https://openalex.org/W2156072507","https://openalex.org/W2161536815","https://openalex.org/W4246347638","https://openalex.org/W4293229472"],"related_works":["https://openalex.org/W2560987506","https://openalex.org/W1484930940","https://openalex.org/W655487928","https://openalex.org/W7014865137","https://openalex.org/W637903534","https://openalex.org/W1933136052","https://openalex.org/W228018961","https://openalex.org/W2042609725","https://openalex.org/W568692449","https://openalex.org/W2030128184"],"abstract_inverted_index":{"ABSTRACT":[0],"Capital":[1],"market":[2],"data":[3],"were":[4],"used":[5],"to":[6,12,52,59],"examine":[7],"the":[8,14,20,23,28,37,47,60,69,80],"divestiture":[9],"effects":[10],"pertaining":[11],"deregulation,":[13],"dropping":[15],"of":[16,22,31,36,54,62,72],"antitrust":[17],"charges,":[18],"and":[19],"reversing":[21],"co\u2010insurance":[24],"effect":[25,71],"associated":[26],"with":[27,88],"recent":[29],"breakup":[30,48],"AT&T.":[32,63],"The":[33,64],"empirical":[34],"results":[35,65],"study":[38],"indicate":[39,67],"that":[40,68],"significant":[41],"economic":[42],"events":[43],"took":[44],"place":[45],"during":[46],"process,":[49],"which":[50],"led":[51],"transfers":[53],"wealth":[55],"from":[56],"various":[57],"parties":[58],"securityholders":[61],"also":[66],"buffering":[70],"regulation":[73],"was":[74],"reduced":[75],"as":[76],"AT&T":[77],"went":[78],"through":[79],"total":[81],"deregulation":[82],"process.":[83],"This":[84],"is":[85],"in":[86],"accordance":[87],"Peltzman's":[89],"prediction.":[90]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2014,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}
