Inhaltszusammenfassung

The separation of ownership and control and the resulting agency problem is one of the core topics of management research. Building on the agency theoretical reasoning concerning the link between ownership and industry diversification we study the influences of ownership structure as well as owner identity on firms’ geographical (international) diversification. This is particularly interesting since the link between ownership structure and geographical diversification was not directly investi...The separation of ownership and control and the resulting agency problem is one of the core topics of management research. Building on the agency theoretical reasoning concerning the link between ownership and industry diversification we study the influences of ownership structure as well as owner identity on firms’ geographical (international) diversification. This is particularly interesting since the link between ownership structure and geographical diversification was not directly investigated before. To test our hypotheses we utilize panel data for the 102 largest German manufacturing firms from 1990 to 2006. Our analysis confirms the agency theoretical predictions about the relationship between ownership structure and geographical diversification. In addition the analysis verifies the influence of owners’ identity on firms’ geographical diversification.» weiterlesen» einklappen

Autoren

Klassifikation

DFG Fachgebiet:
Wirtschaftswissenschaften

DDC Sachgruppe:
Wirtschaft