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
We examine the valuation effects of diversification activities for Korean firms by diversifi-cation ...
Free trade in the Asia-Pacific region (AFTA) and Southeast Asia (MEA) becomes a challenge for family...
Research Summary: This article dissects the antecedents of international diversification through the...
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 d...
Using a sample of 85 Chilean firms listed in the Santiago Stock Exchange from 2005 to 2013, we analy...
Previous research has contributed much to our understanding of the relationship between corporate di...
I find that diversified firms in New Zealand are valued at a discount of 18.8% to 41.7% compared wit...
Agency Problems, Equity Ownership, and Corporate Diversification We provide evidence on the agency ...
Agency theory which states that the separation of managers and shareholders surrounding corporate or...
Keeping in view the important role of Malaysian corporate sector in the country’s growth and develop...
In countries where the ownership of corporations is dispersed, the concern of corporate governance i...
We examine the valuation effects of diversification activities for Korean firms by diversifi-cation ...
Free trade in the Asia-Pacific region (AFTA) and Southeast Asia (MEA) becomes a challenge for family...
Research Summary: This article dissects the antecedents of international diversification through the...
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 d...
Using a sample of 85 Chilean firms listed in the Santiago Stock Exchange from 2005 to 2013, we analy...
Previous research has contributed much to our understanding of the relationship between corporate di...
I find that diversified firms in New Zealand are valued at a discount of 18.8% to 41.7% compared wit...
Agency Problems, Equity Ownership, and Corporate Diversification We provide evidence on the agency ...
Agency theory which states that the separation of managers and shareholders surrounding corporate or...
Keeping in view the important role of Malaysian corporate sector in the country’s growth and develop...
In countries where the ownership of corporations is dispersed, the concern of corporate governance i...
We examine the valuation effects of diversification activities for Korean firms by diversifi-cation ...
Free trade in the Asia-Pacific region (AFTA) and Southeast Asia (MEA) becomes a challenge for family...
Research Summary: This article dissects the antecedents of international diversification through the...