Does governance affect corporate diversification behaviour in emerging markets?
No Thumbnail Available
Date
2020
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Routledge Journals, Taylor & Francıs Ltd
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.
Description
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