Abstract
This symposium aims to move dynamic capabilities research forward by highlighting the nascent yet growing body of research on termination capability. Dynamic capabilities is one of the most influential streams of research in the field of strategic management in the past three decades. The growing but diffuse body of work on termination capabilities spans disparate titles such as exits, divestitures, failures, redeployment, terminations, and abandonments. We bring together five researchers whose work highlights (1) antecedents of firm termination capabilities and (2) their importance to firm performance (3) in a variety of theoretical empirical contexts, spanning VC investments, acquisition (dis)synergies, private equity firms in markets for corporate assets, and managerial prosocial preferences that impede layoffs.
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