divest

　 　 　

WordNet

1. reduce or dispose of; cease to hold (an investment); "The company decided to divest"; "the board of trustees divested $20 million in real estate property"; "There was pressure on the university to disinvest in South Africa" (同)disinvest
2. deprive of status or authority; "he was divested of his rights and his title"; "They disinvested themselves of their rights" (同)disinvest
3. the sale by a company of a product line or a subsidiary or a division
4. an order to an offending party to rid itself of property; it has the purpose of depriving the defendant of the gains of wrongful behavior; "the court found divestiture to be necessary in preventing a monopoly"
5. swim under water; "the children enjoyed diving and looking for shells"
6. a headlong plunge into water (同)diving
7. a steep nose-down descent by an aircraft (同)nose dive, nosedive
8. drop steeply; "the stock market plunged" (同)plunge, plunk
9. plunge into water; "I was afraid to dive from the board into the pool"

PrepTutorEJDIC

1. (着衣・装飾などを)〈人など〉‘から'はぎ取る / (権利・官位を)〈人〉‘から'奪う,取り上げる
2. (…から水中などに)『頭から飛び込む』《+『from』(『off』)+『名』+『into』(『in』)+『名』》 / (…を取ろうと)『潜る』,潜水する《+『down for』+『名』》 / (…へ向かって)急降下する,急潜航する《+『down toward』+『名』》 / (…に)駆け込む,逃げ込む《+『into』+『名』》 / (…に)手を突っ込む《+『in』(『into』)+『名』》 / (仕事・問題などに)飛び込む《+『in』(『into』)+『名』》 / …‘を'急降下させる,急潜航させる / 『飛び込み』 / (飛行機の)急降下;(潜水艦・潜水夫などの)急潜航 / 《話》怪しげなナイトクラブ,いんちき酒場

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出典(authority):フリー百科事典『ウィキペディア（Wikipedia）』「2016/09/03 22:25:02」(JST)

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This article is about the routine business practice. For politically motivated boycott, see disinvestment.

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In finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political objectives or sale of an existing business by a firm. A divestment is the opposite of an investment.

Motives

Firms may have several motives for divestitures:

1. a firm may divest (sell) businesses that are not part of its core operations so that it can focus on what it does best. For example, Eastman Kodak, Ford Motor Company, Future Group and many other firms have sold various businesses that were not closely related to their core businesses.
2. to obtain funds. Divestitures generate funds for the firm because it is selling one of its businesses in exchange for cash. For example, CSX Corporation made divestitures to focus on its core railroad business and also to obtain funds so that it could pay off some of its existing debt.
3. a firm's "break-up" value is sometimes believed to be greater than the value of the firm as a whole. In other words, the sum of a firm's individual asset liquidation values exceeds the market value of the firm's combined assets. This encourages firms to sell off what would be worth more when liquidated than when retained.
4. divesting a part of a firm may enhance stability. Philips, for example, divested its chip division - NXP - because the chip market was so volatile and unpredictable that NXP was responsible for the majority of Philips's stock fluctuations while it represented only a very small part of Philips NV.
5. divesting a part of a company may eliminate a division which is under-performing or even failing.
6. regulatory authorities may demand divestiture, for example in order to create competition.
7. pressure from shareholders for social reasons (sometimes also called disinvestment). Examples include disinvestment from South Africa in the former era of apartheid (now ended), and more recent calls for fossil fuel divestment in response to global warming.

Divestment for financial goals

Often the term is used as a means to grow financially in which a company sells off a business unit in order to focus their resources on a market it judges to be more profitable, or promising. Sometimes, such an action can be a spin-off. In the United States, divestment of certain parts of a company can occur when required by the Federal Trade Commission before a merger with another firm is approved. A company can divest assets to wholly owned subsidiaries.

it is a process of selling an asset. The largest and likely the most famous corporate divestiture in history was the 1984 U.S. Department of Justice-mandated breakup of the Bell System into AT&T and the seven Baby Bells.

Of the 1000 largest lobal companies, those that are actively involved in both acquiring and divesting create as much as 1.5 to 4.7 percentage points higher shareholder returns than those primarily focused on acquisitions.

Method of divestment

Some firms are using technology to facilitate the process of divesting some divisions. They post the information about any division that they wish to sell on their website so that it is available to any firm that may be interested in buying the division. For example, Alcoa has established an online showroom of the divisions that are for sale. By communicating the information online, Alcoa has reduced its hotel, travel, and meeting expenses.

Firms use transitional service agreements to increase the strategic benefits of divestitures.

Divestment execution includes five critical work streams: governance, tax, carve-out financial statements, deal-basis information, and operational separation.

With economic liberalization of the Indian economy, Ministry of Finance of India had set up a separate Department of Disinvestments.

See also

• Corporate spin-off
• Consolidation (business)
• Corporate social responsibility
• Demerger
• Disinvestment
• Fossil fuel divestment
• Financial economics
• Tax resistance

References

English Journal

• Beyond Climate Change: Why Medical Institutions Should Divest From Fossil Fuels.

• Walden J1, Wenzel L2.
• North Carolina medical journal.N C Med J.2016 Mar-Apr;77(2):146. doi: 10.18043/ncm.77.2.146.
• PMID 26961843

• GENDER-RELATED FACTORS INFLUENCING WOMEN'S HEALTH SEEKING FOR TUBERCULOSIS CARE IN EBONYI STATE, NIGERIA.

• Oshi DC1, Oshi SN1, Alobu IN2, Ukwaja KN3.
• Journal of biosocial science.J Biosoc Sci.2016 Jan;48(1):37-50. doi: 10.1017/S0021932014000534.
• This is a qualitative, descriptive study to explore gender-related factors that influence health seeking for tuberculosis (TB) care by women in Ebonyi State, Nigeria. In-depth interviews based on interview guides were conducted with participants selected through purposive sampling in communities in
• PMID 26627885

• Upstream solutions for price-gouging on critical generic medicines.

• Houston AR1, Beall RF1, Attaran A1.
• Journal of pharmaceutical policy and practice.J Pharm Policy Pract.2016 May 2;9:15. doi: 10.1186/s40545-016-0064-8. eCollection 2016.
• Exorbitant price increases for critical off-patent medicines have received considerable media attention in recent months, leading to an investigation by the U.S. Senate. However, much of this attention has focused upon the companies that initiated the price increases, all of whom had recently acquir
• PMID 27141308

• Wellcome Trust increases investment in fossil fuels despite calls to divest.

• Kmietowicz Z1.
• BMJ (Clinical research ed.).BMJ.2015 Dec 31;351:h7019. doi: 10.1136/bmj.h7019.
• PMID 26721763

Japanese Journal

• 企業価値を戦略的に創造する 事業売却の原則 (Feature Articles 大企業の戦略コンセプト)

• Diamondハーバード・ビジネス・レビュー 34(1), 100-111, 2009-01
• NAID 40016387144

• 米国多国籍企業在日子会社の1980年代に於ける株式公開について

• 国際ビジネス研究学会年報 (10), 141-155, 2004-09-30
• NAID 110001715737

• Beyond The Class Consciousness : An Assertion of Womanhood in D. H. Lawrence's "Fanny and Annie"

• Asphodel 39, 20-36, 2004-07-26
• NAID 110000953027

• 胆沢城跡殿門跡の発掘調査

• 日本考古学 7(10), 117-126, 2000
• NAID 130003637150

Related Links

• Divest | Define Divest at Dictionary.com - Dictionary.com ...

Divest definition, to strip of clothing, ornament, etc.: The wind divested the trees of their leaves. See more. Dictionary.com Word of the Day Translate Games Blog Thesaurus.com Apps Favorites Log Out Log In follow Dictionary.com ...

• Divest - definition of divest by The Free Dictionary

True the Bedouins never did any thing to him when he arrived, and never had any intention of doing any thing to him in the first place, and wondered what in the mischief he was making all that to-do about; but still I could not divest ...

• Divest | Definition of Divest by Merriam-Webster

Divest is one of many English words that come from the Latin verb vestire (to clothe) and ultimately from the noun vestis (clothing, garment). Others include vest, vestment, invest, and travesty. Divest and its older form devest can ...

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