Does Corporate Ownership Structure Affect Its Strategy Towards Diversification ?  

Oleh:

Amihud, Yakov ; Lev, Baruch

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 20 no. 11 (1999), page 1063-1070.
Topik: CORPORATE; corporate ownership structure; diversification; agency theory

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.4 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

We claim that there is a link between corporate control structure and managers, strategy towards unrelated mergers and risk diversification. Companies with greater ownerships concentration are less diversified. Evidence also shows that corporate diversification generally results in value loss while focussing is value increasing. This highlights the potentially detrimental effect of agency problems on corporate strategy.

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