Add to ORKGAgency cost of free cash flow is the most detrimental cost to a firm as it can engage firm in the misuse of capital or over-diversification, and could be so tremendous that deprives all the benefits of diversification, generates diversification discount, and destroys firm value. Corporate governance is a mechanism to safeguard the agency problems, hence, plays an important role to reduce value-destroying diversification strategies. However, corporate governance mechanisms in East Asia are different from those of developed countries due to the predominant agency conflicts between controlling and minority shareholders
In countries where the ownership of corporations is dispersed, the concern of corporate governance i...
We examine, from the agency perspective, the relationship between three important corporate measures...
Corporate governance has received much attention in recent years, partly due to the Asian financial ...
Agency cost of free cash flow is the most detrimental cost to a firm as it can engage firm in the mi...
Purpose: The purpose of this paper is to examine whether any specific informal corporate governance ...
For many years, the benefit and cost of corporate diversification strategy have been debatable. This...
Abstract Agency theory tenets imply that 1) managers may pursue investment strategies that are at od...
Previous research has contributed much to our understanding of the relationship between corporate di...
Previous research has contributed much to our understanding of the relationship between corporate d...
Using a sample of 85 Chilean firms listed in the Santiago Stock Exchange from 2005 to 2013, we analy...
Agency Problems, Equity Ownership, and Corporate Diversification We provide evidence on the agency ...
I find that diversified firms in New Zealand are valued at a discount of 18.8% to 41.7% compared wit...
We examine the valuation effects of diversification activities for Korean firms by diversifi-cation ...
This paper examines the impact of corporate governance on the cost of capital (COC), dividend policy...
Agency theory which states that the separation of managers and shareholders surrounding corporate or...
In countries where the ownership of corporations is dispersed, the concern of corporate governance i...
We examine, from the agency perspective, the relationship between three important corporate measures...
Corporate governance has received much attention in recent years, partly due to the Asian financial ...
Agency cost of free cash flow is the most detrimental cost to a firm as it can engage firm in the mi...
Purpose: The purpose of this paper is to examine whether any specific informal corporate governance ...
For many years, the benefit and cost of corporate diversification strategy have been debatable. This...
Abstract Agency theory tenets imply that 1) managers may pursue investment strategies that are at od...
Previous research has contributed much to our understanding of the relationship between corporate di...
Previous research has contributed much to our understanding of the relationship between corporate d...
Using a sample of 85 Chilean firms listed in the Santiago Stock Exchange from 2005 to 2013, we analy...
Agency Problems, Equity Ownership, and Corporate Diversification We provide evidence on the agency ...
I find that diversified firms in New Zealand are valued at a discount of 18.8% to 41.7% compared wit...
We examine the valuation effects of diversification activities for Korean firms by diversifi-cation ...
This paper examines the impact of corporate governance on the cost of capital (COC), dividend policy...
Agency theory which states that the separation of managers and shareholders surrounding corporate or...
In countries where the ownership of corporations is dispersed, the concern of corporate governance i...
We examine, from the agency perspective, the relationship between three important corporate measures...
Corporate governance has received much attention in recent years, partly due to the Asian financial ...