Ownership Structure and Corporate Strategy : One Question Viewed from Two Different Worlds  

Oleh:

Lane, Peter J. ; Cannella, Albert A., [Jr.] ; Lubatkin, Michael H.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 20 no. 11 (1999), page 1077-1086.
Topik: ownership structure; agency theory; management theory; mergers; diversification; scientific disciplines

Ketersediaan

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

Lihat Detail Induk

Isi artikel

In their response to our paper, amihud and lev (1999) and denis, denis and sarin (1999) claim that disciplinary difrences don't matter and that methods and evidence should speak for themselves. In contrast, we argue that important differences exist between financial economics and strategic management, leasing to differing beliefs, norms, methods, and interpretations of empirical results. Using a strategic management perspective to review the evidence presented by amihud and lev in their earlier study (1981) and in their and denis et al.'s critiques of our work (1999), we find no reason to revise our original conclusion : there is little theoretical or empirical basis for believing that monitoring by a firm's principals influences its diversification strategy and acquisition decisions.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali