In the past, many countries have witnessed de-diversification waves. In this paper we illustrate that the same phenomenon can be observed in Germany. We discuss different theoretical explanations for the occurrence of de-diversification: the predominant agency theory approach and the less common...

In their constructive critique Weller, Mellewigt, and Decker elaborate some concerns on our paper on “De-Diversification activities of german corporations from 1988 to 2002: Perspectives from Agency and Management Fashion Theory”. There are three main points: the operationalization of...