This paper examines the impact of ownership on product and international diversification. While ownership concentration …, specifically, consider how the identity of owners moderates the impact of ownership concentration on diversification strategies. We … international diversification. From a theoretical perspective this suggests a social contextualization and extension of the agency …

-level institutional factors or ‘institutional voids' on the value of corporate diversification. Specifically, we explore whether the … diversification. These results provide support for the theory of internal capital markets that argues that internal capital allocation … show that diversification can be beneficial in the presence of frictions in the labor market …

This Article presents a theory of the corporate governance costs of private equity. In doing so, it challenges the … equity model, far from eliminating agency costs, in fact exacerbates them. These governance costs include compensation …

needed, this involves lower adjustment costs than any alternative game form. The price list game form is better when the list …

We propose "Entertainment and Travel Costs" (ETC) expenditures as a measure of corruption in Chinese firms. These …

Our central proposition is that monitoring costs increase with physical distance, and hence, direct investments located …

The objective of the article is to define rules for establishing a high quality costing system to measure the costs of …, along with the nature of costs and the behavior of cost elements in major enterprises. One expectation is that different … principles of cost allocation will have to be applied to different types of costs, based on their relation to the output of a …

The airlines' marketing policies are influenced by costs and expenses which could influence their levels of service …, and their ability to be profitable. Their direct and indirect operating costs are affected by sector length; utilization … of aircraft, fleet size and labor costs, among other issues. Moreover, the aircraft design characteristics, such as …