Emilie R. Feldman
Associate Professor of Management
The Wharton School
University of Pennsylvania
2018 Steinberg Hall-Dietrich Hall
Philadelphia, Pennsylvania 19104-6370
215.746.7676 (telephone)
215.898.0401 (fax)

Current C.V.


(with R. Amit and B. Villalonga) "Corporate Divestitures and Family Control." Strategic Management Journal, 37(3): 429-446 (2016)

"Corporate Spinoffs and Analysts’ Coverage Decisions: The Implications for Diversified Firms." Strategic Management Journal, 37(7): 1196-1219 (2016)

(with Patia J. McGrath) “Divestitures.” Journal of Organization Design, 5(1): 1-16 (2016)

"Managerial Compensation and Corporate Spinoffs." Strategic Management Journal, (2015)

"Dual Directors and the Governance of Corporate Spinoffs." Academy of Management Journal, (2015)

(with C. Montgomery) "Are Incentives without Expertise Sufficient? Evidence from Fortune 500 Firms." Strategic Management Journal, 36(1): 113-122 (2015)

(with S. Gilson and B. Villalonga) "Do Analysts Add Value When They Most Can? Evidence from Corporate Spinoffs." Strategic Management Journal, 35(10): 1446 - 1463 (2014)

"Legacy Divestitures: Motives and Implications." Organization Science, 25(3): 815-832 (2014)

"A Basic Quantification of the Competitive Implications of the Demise of Arthur Andersen." Review of Industrial Organization, 29: 193-212 (2006)


Working Papers

(with Siwen Chen) "Activist-Led Divestitures"

"Corporate Spinoffs and Capital Allocation Decisions"

(with Victor Bennett) “Refocusing.”

"Why Do Divestitures Create Shareholder Value?"

Research in Progress

(with Chen, Siwen) “Activist Investors and Corporate Strategy.”

(with Raphael (Raffi) Amit and Belén Villalonga) “Acquisitions of Divested Business Units by Family Firms.”

(with Raphael (Raffi) Amit and Belén Villalonga) “Generational Effects in Family Firm Divestitures.”

“The Long-Term Implications of Legacy Divestitures.”

“Holding On Too Long? The Temporal Aspect of Legacy Divestitures.”

“The Theoretical Foundations of Cognitive Inertia Among Analysts.”

(with de Figueiredo, Rui J.P., and Evan Rawley) “Focus and Performance: Evidence from Hedge Funds.”

“The Managers and Directors of Parent and Spinoff Firms.”

(with Lisa Tang) “Dual Director Departures.”

(with Aseem Kaul) “Corporate Spinoffs and Technological Innovation.”

“The Value of Corporate Headquarters”

“The Performance of M&As Versus Divestitures.”

(with Exequiel Hernandez) “Alliances and Divestitures.”

(with Patia McGrath) “Repeatedly-Divested Units”

"A Transaction Cost Economics-Based Theory of Divestitures"


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The Wharton School

The University of Pennsylvania

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Last update to this site was on: 30 June, 2016.