Do shareholders or stakeholders appropriate the rents from corporate diversification? The influence of ownership structure
Prior work on the performance consequences of corporate diversification has treated all powerful owners as seeking the same benefits from diversification (i.e, higher profit rather than growth) and therefore limiting value appropriation by other stakeholders such as employees and managers. In contra...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2010
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/2906 https://ink.library.smu.edu.sg/context/lkcsb_research/article/3905/viewcontent/Shareholder_rents_diversification_amj_2010_pv.pdf |
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| Institution: | Singapore Management University |
| Language: | English |