Sener, PınarAkben Selçuk, Elif2020-12-122020-12-12202021350-48511466-42911350-48511466-4291https://hdl.handle.net/20.500.12469/3529https://doi.org/10.1080/13504851.2019.1676382This 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.eninfo:eu-repo/semantics/embargoedAccessGovernanceDiversificationAgency theoryEmerging marketsArticle123812421527WOS:00049007060000110.1080/13504851.2019.16763822-s2.0-85074053268Q3Q3