Variations in Ownership Behaviour and Propensity to Diversity : A Study of The Indian Corporate Context  

Oleh:

Ramaswamy, Kannan ; Mingfang, Li ; Veliyath, Rajaram

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 23 no. 4 (2002), page 345-358.
Topik: VARIATION; corporate governance; shareholding groups; diversification; indian industry

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.9 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The relationship between ownership and diversification has been the focus of renewed debate between financial economists and strategic management scholars. While financial economists hold that manager - controlled firms tend to reflect higher levels of diversification, strategy researchers argue that ownership and diversification are not systematically related. In throwing light on this debate, this study uses a fine - grained definition of ownership groups to explore how the different objectives and monitoring predispositions of distinct ownership groups might influence diversufucatuin strategy. The empirical examination is set in india to offer a striking contrast from the predominantly U. S. - based studies that have shaped the ongoing debate. Findings show that diverse ownership groups adopt different posturess in monitoring and / or influencing organizational diversification. While some ownership groups are closely associated with focused strategies and some encourage diversification, others are quite indifferent. These results suggest that the context - specific variation among ownership groups is germane to tour understanding of diversification strategy.

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