Does governance affect corporate diversification behaviour in emerging markets?

被引：2

作者：

Sener, Pinar ^{[1
]}

Akben-Selcuk, Elif ^{[2
]}

机构：

[1] EDC Paris Business Sch, Dept Finance, OCRE Lab, Courbevoie, France

[2] Kadir Has Univ, Dept Business Adm, Istanbul, Turkey

来源：

APPLIED ECONOMICS LETTERS | 2020年 / 27卷 / 15期

关键词：

Governance; diversification; agency theory; emerging markets; CASH FLOW;

D O I：

10.1080/13504851.2019.1676382

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：1238 / 1242

页数：5

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