Agency Theory and The Influence of Equity Ownership Structure on Corporate Diversification Strategies  

Oleh:

Denis, David J. ; Denis, Diane K. ; Sarin, Atulya

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 20 no. 11 (1999), page 1071-1076.
Topik: OWNERSHIP; agency theory; equity ownership structure; corporate diversification strategies

Ketersediaan

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

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Isi artikel

We articulate the agency theory view of managerial decision making and its implications for corporate diversification strategies. From agency theory, we generate testable predictions for the relation between equity ownership structure and diversification strategies and review the exisiting evidence on this relation. On balance, the evidence strongly supports the view that ownership structure influences corporate strategy.

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