Perstorp’s Transition from Conglomerate to Focused Chemicals Firm - A Three Factor Model for Explaining Corporate Change
Many models explain the development of firms focusing on the firms’ resources and the industry that surrounds them, and do not explicitly incorporate the role of the capital market and the owners. A need for a theoretical framework that includes all three aspects was therefore identified. The framework was constructed and tested against an empirical material comprising of the development of Persto