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

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...

This paper discusses the role of security analysts in the dissemination of popular management concepts, drawing on neo-institutional and management fashion theory. Focusing on the core competence concept, we investigate whether security analysts swing with the popularity of a management concept...

We analyze the wealth effects of 114 domestic and international acquisitions announced by Swiss corporations between 1990 and 2001. We find no difference between national and cross-border mergers. This may indicate that the international capital markets are highly integrated and is in contrast...