{"id":"https://openalex.org/W203350","doi":null,"title":"Debt, mergers and acquisitions, institutional arrangements and change to the multilayered subsidiary form","display_name":"Debt, mergers and acquisitions, institutional arrangements and change to the multilayered subsidiary form","publication_year":1999,"publication_date":"1999-01-01","ids":{"openalex":"https://openalex.org/W203350","mag":"203350"},"language":"en","primary_location":{"id":"mag:203350","doi":null,"is_oa":false,"landing_page_url":"https://www.jstor.org/stable/42863877","pdf_url":null,"source":{"id":"https://openalex.org/S76728445","display_name":"Social Science Quarterly","issn_l":"0038-4941","issn":["0038-4941","1540-6237"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-1","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":null,"is_accepted":false,"is_published":false,"raw_source_name":"Social Science Quarterly","raw_type":null},"volume":null,"type":"article","indexed_in":[],"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/A5035929151","display_name":"Harland Prechel","orcid":"https://orcid.org/0000-0002-0147-6217","observed_orcids":["https://orcid.org/0000-0002-0147-6217"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Harland Prechel","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5009126737","display_name":"John L. Boies","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"John L. Boies","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":null,"display_name":"Tim Woods","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Tim Woods","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3010,"currency":"USD","value_usd":3010},"apc_paid":null,"fwci":8.3243,"has_fulltext":true,"cited_by_count":22,"citation_normalized_percentile":{"value":0.97166778,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":95},"biblio":{"volume":"80","issue":"1","first_page":"115","last_page":"135"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9932000041007996,"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":0.9932000041007996,"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/T13963","display_name":"Organizational Management and Leadership","score":0.001500000013038516,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"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/T10344","display_name":"Management and Organizational Studies","score":0.00139999995008111,"subfield":{"id":"https://openalex.org/subfields/1407","display_name":"Organizational Behavior and Human Resource Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/mergers-and-acquisitions","display_name":"mergers and acquisitions","score":0.8550000190734863},{"id":"https://openalex.org/keywords/corporate-debt","display_name":"corporate debt","score":0.9570000171661377},{"id":"https://openalex.org/keywords/spin-offs","display_name":"spin-offs","score":0.6990000009536743},{"id":"https://openalex.org/keywords/internal-capital-markets","display_name":"internal capital markets","score":0.6579999923706055},{"id":"https://openalex.org/keywords/corporate-political-activity","display_name":"corporate political activity","score":0.6190000176429749},{"id":"https://openalex.org/keywords/management-companies","display_name":"management companies","score":0.3400000035762787},{"id":"https://openalex.org/keywords/industrial-enterprises","display_name":"industrial enterprises","score":0.3709999918937683}],"concepts":[{"id":"https://openalex.org/C126071100","wikidata":"https://www.wikidata.org/wiki/Q658255","display_name":"Subsidiary","level":3,"score":0.6809556484222412},{"id":"https://openalex.org/C45237549","wikidata":"https://www.wikidata.org/wiki/Q1376796","display_name":"Restructuring","level":2,"score":0.658786952495575},{"id":"https://openalex.org/C548217281","wikidata":"https://www.wikidata.org/wiki/Q731112","display_name":"Mergers and acquisitions","level":2,"score":0.653377890586853},{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.5909233093261719},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.530964732170105},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.5027995109558105},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.43382686376571655},{"id":"https://openalex.org/C2776014549","wikidata":"https://www.wikidata.org/wiki/Q3050847","display_name":"Consolidation (business)","level":2,"score":0.4287831783294678},{"id":"https://openalex.org/C2778348171","wikidata":"https://www.wikidata.org/wiki/Q167037","display_name":"Corporation","level":2,"score":0.42599159479141235},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3413386940956116},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.34028691053390503},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2929799556732178},{"id":"https://openalex.org/C158016649","wikidata":"https://www.wikidata.org/wiki/Q161726","display_name":"Multinational corporation","level":2,"score":0.2616106867790222}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:203350","doi":null,"is_oa":false,"landing_page_url":"https://www.jstor.org/stable/42863877","pdf_url":null,"source":{"id":"https://openalex.org/S76728445","display_name":"Social Science Quarterly","issn_l":"0038-4941","issn":["0038-4941","1540-6237"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-1","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":null,"is_accepted":false,"is_published":false,"raw_source_name":"Social Science Quarterly","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Partnerships for the goals","score":0.47999998927116394,"id":"https://metadata.un.org/sdg/17"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":36,"referenced_works":["https://openalex.org/W77666782","https://openalex.org/W259724092","https://openalex.org/W563481029","https://openalex.org/W564902180","https://openalex.org/W585195223","https://openalex.org/W607475599","https://openalex.org/W1479663766","https://openalex.org/W1499268907","https://openalex.org/W1520289698","https://openalex.org/W1551653989","https://openalex.org/W1592566643","https://openalex.org/W1650431508","https://openalex.org/W1965278510","https://openalex.org/W1993663609","https://openalex.org/W2011987441","https://openalex.org/W2024573942","https://openalex.org/W2027820263","https://openalex.org/W2055383114","https://openalex.org/W2063859675","https://openalex.org/W2085840000","https://openalex.org/W2101647595","https://openalex.org/W2114902090","https://openalex.org/W2144251995","https://openalex.org/W2152398292","https://openalex.org/W2258555808","https://openalex.org/W2316264906","https://openalex.org/W2320398502","https://openalex.org/W2321246370","https://openalex.org/W2321468892","https://openalex.org/W2329700006","https://openalex.org/W2333548658","https://openalex.org/W2566856888","https://openalex.org/W2798717831","https://openalex.org/W2800439174","https://openalex.org/W3023503088","https://openalex.org/W3137537747"],"related_works":["https://openalex.org/W1995247744","https://openalex.org/W2103832623","https://openalex.org/W1925933053","https://openalex.org/W7095151315","https://openalex.org/W2017245420","https://openalex.org/W2034786551","https://openalex.org/W2077531434","https://openalex.org/W1557862339","https://openalex.org/W1487106872","https://openalex.org/W1995352753"],"abstract_inverted_index":{"Despite":[0],"the":[1,37,41,67,70,87,90,106,131,143,214,217],"rapid":[2],"increase":[3],"in":[4,89,119,130,138,142,148,169],"corporate":[5,22,139,161],"debt":[6],"and":[7,11,182,196,204,238,242],"prevalence":[8],"of":[9,27,34,54,59,69,84,100,114,163],"mergers":[10,195],"acquisitions,":[12,197],"researchers":[13],"have":[14,20],"not":[15],"examined":[16],"whether":[17],"these":[18],"changes":[19,147,154],"affected":[21],"form":[23,44],"change.":[24],"The":[25,46,188,219,225],"purpose":[26],"this":[28],"research":[29],"is":[30,48],"to":[31,40,86,111,121,179,211,216],"examine":[32,82],"causes":[33,83],"change":[35,85,212],"from":[36,213],"multidivisional":[38],"(MDF)":[39],"multilayered":[42],"subsidiary":[43,60,166,185],"(MLSF).":[45],"MLSF":[47,88,226],"a":[49,52,63,74,156,175],"corporation":[50],"with":[51,62,193],"hierarchy":[53,71],"two":[55],"or":[56],"more":[57,113,194,198,209],"levels":[58],"corporations":[61,97,109,178,186],"parent":[64],"company":[65],"at":[66],"top":[68],"operating":[72],"as":[73,103,117,165],"management":[75],"company.":[76],"Using":[77],"logistic":[78],"regression":[79],"analysis,":[80],"we":[81],"largest":[91],"100":[92],"U.S.":[93],"industrial":[94],"corporations.":[95,167],"Although":[96],"organized":[98],"some":[99],"their":[101,115,240],"assets":[102,116],"subsidiaries":[104,118],"throughout":[105],"twentieth":[107],"century,":[108],"began":[110],"organize":[112],"response":[120],"capital":[122,222,229,236],"accumulation":[123],"constraints":[124,136],"(e.g.,":[125],"rising":[126],"debt,":[127,200],"increasing":[128],"competition)":[129],"early":[132],"1980s.":[133],"Continued":[134],"economic":[135],"resulted":[137],"political":[140],"behavior":[141],"mid-1980s":[144],"that":[145,191],"produced":[146],"state":[149,170],"business":[150,171],"policy.":[151],"These":[152],"policy":[153,172],"provided":[155,174],"political-legal":[157],"structure":[158],"for":[159,177],"tax-free":[160],"restructuring":[162],"divisions":[164],"Change":[168],"also":[173],"means":[176],"merge,":[180],"acquire,":[181],"spin":[183],"off":[184],"tax-free.":[187],"results":[189],"show":[190],"corporations'":[192,232],"long-term":[199],"liability-prone":[201],"product":[202],"lines,":[203],"declining":[205],"dividends":[206],"are":[207],"significantly":[208],"likely":[210],"MDF":[215],"MLSF.":[218],"analysis":[220],"supports":[221],"dependence":[223,233],"theory.":[224],"creates":[227],"internal":[228],"markets,":[230,237],"reduces":[231],"on":[234],"external":[235],"enhances":[239],"financial":[241],"organizational":[243],"flexibility.":[244]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"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"}