This paper empirically examines how diversification influences the relation between corporate governance and capital … robust to different measures of leverage, diversification, and governance, and continue to hold when we correct for selection … bias and account for the joint endogeneity of leverage, diversification, and governance. Our evidence shows that the …

diversification and post-diversification performance. Using a sample of 671 Taiwanese listed firms, we find that excessive D …&O liability insurance is positively associated with corporate diversification, particularly unrelated diversification. In addition …, we find that when diversification does occur, excessive D&O liability insurance worsens the shareholder value destroyed a …

geographic complexity can engender explicit trade-offs between the agency problems that increase risk and the diversification … geographic scope tend to provide diversification gains and reduce idiosyncratic and liquidity risks while also increasing BHCs …

restructuring even when the degree of diversification has not changed. This result supports the argument that diversification itself …

We examine whether the Sarbanes-Oxley Act has a major role in reducing the diversification discount and enhancing … corporate governance variables and the diversification discount. Finally, we conclude the indirect effects of the act in … enhancing efficiency and reducing the diversification discount. We find that the level of corporate governance, especially CEO …

the concept of cultural diversification. A firm is culturally diversified if it is characterized by a variety of diverse … cultural attributes. Motivated by agency theory, we hypothesize that risk-averse managers favor cultural diversification, but …, owing to agency problems, tend to over-invest in cultural diversification. More effective governance in the form of stronger …

risk - the focus of this paper - is crucial. Our results show revenue diversification reduces insolvency risk in banks with … personal wealth. The link identified between ownership concentration and revenue diversification is a novel way of analyzing …