Does governance affect corporate diversification behaviour in emerging markets?

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Date

2020

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Publisher

Routledge Journals, Taylor & Francıs Ltd

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Abstract

This paper investigates the role of firm-level and country-level governance on corporate diversification behaviour in emerging markets. The results show that firms with combined leadership structure are more diversified while firms with more independent directors are less diversified. There is a U-shaped relationship between ownership concentration and diversification. No significant association between country-level shareholder protection and diversification is demonstrated.

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Keywords

Governance, Diversification, Agency theory, Emerging markets

Turkish CoHE Thesis Center URL

Citation

2

WoS Q

Q3

Scopus Q

Q3

Source

Volume

27

Issue

15

Start Page

1238

End Page

1242