search query: @journal_id 68 / total: 997
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| Author: | Fox, M. Hamilton, R. |
| Title: | Ownership and diversification: agency theory or stewardship theory |
| Journal: | Journal of Management Studies
1994 : JAN, VOL. 31:1, p. 69-81 |
| Index terms: | DIVERSIFICATION AGENCY THEORY MANAGEMENT |
| Language: | eng |
| Abstract: | This article examines corporate diversification in a way which bears on two contrastive theoretical frameworks. The authors seek to establish why firms diversified when they did. The evidence lends more support to stewardship theory than it does to agency theory. The authors summarize the literature bearing on why firms diversify and set out the research questions which motivated the study. This leads into a discussion of the empirical data, particularly those concerned with the ownership type (or governance structure) of the companies concerned. |
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