Adams, R. ; Ferreira, D. A theory of friendly boards. 2007 Journal of Finance. 62 217-250
Aggarwal, R. ; Samwick, A. Why do managers diversify their firms? Agency reconsidered. 2003 Journal of Finance. 58 71-118
Agrawal, A. ; Mandelker, G. Managerial incentives and corporate investment and financing decisions. 1987 Journal of Finance. 42 823-837
Ahn, S. ; Denis, D. Internal capital markets and investment policy: evidence from corporate spinoffs. 2004 Journal of Financial Economics. 71 489-516
Ahn, S. ; Denis, D. ; Denis, D. Leverage and investment in diversified firms. 2006 Journal of Financial Economics. 79 317-337
Ahn, S. ; Walker, M. Corporate governance and the spinoff decision. 2007 Journal of Corporate Finance. 13 76-93
Allen, J. ; Phillips, G. Corporate equality ownership, strategic alliances, and product market relationships. 2000 Journal of Finance. 55 2791-2815
Anderson, R. ; Bates, T. ; Bizjak, J. ; Lemmon, M. Corporate governance and firm diversification. 2000 Financial Management. 29 5-22
Baker, M. ; Wurgler, J. Investor sentiment and the cross-section of stock returns. 2006 Journal of Finance. 61 1645-1680
- Beasley, M. An empirical analysis of the relation between the board of director composition and financial statement fraud. 1996 Accounting Review. 71 443-465
Paper not yet in RePEc: Add citation now
- Beasley, M. ; Carcello, J. ; Hermanson, D. ; Lapides, P. Fraudulent financial reporting: consideration of industry traits and corporate governance mechanisms. 2000 Accounting Horizons. 14 441-454
Paper not yet in RePEc: Add citation now
Becht, M., Bolton, P., Roell, A., 2002. Corporate Governance and Control. Working Paper, European Corporate Governance Institute.
Berger, P. ; Ofek, E. Diversification’s effect on firm value. 1995 Journal of Financial Economics. 37 39-65
Bertrand, M. ; Mullainathan, S. Enjoying the quiet life? Corporate governance and managerial preferences. 2003 Journal of Political Economy. 111 1043-1075
Bizjak, J. ; Brickley, J. ; Coles, J. Stock-based incentive compensation and investment behavior. 1993 Journal of Accounting and Economics. 16 349-372
Boone, A. ; Field, L. ; Karpoff, J. ; Raheja, C. The determinants of corporate board size and composition: an empirical analysis. 2007 Journal of Financial Economics. 85 66-101
Brickley, J. ; Coles, J. ; Jarrell, G. Leadership structure: separating the CEO and chairman of the board. 1997 Journal of Corporate Finance. 3 189-220
- Bushee, B. The influence of institutional investors on myopic R&D investment behavior. 1998 Accounting Review. 73 305-333
Paper not yet in RePEc: Add citation now
Bushman, R. ; Smith, A. Financial accounting information and corporate governance. 2001 Journal of Accounting and Economics. 32 237-333
Campa, J. ; Kedia, S. Explaining the diversification discount. 2002 Journal of Finance. 57 1731-1762
- Carcello, J. ; Neal, T. Audit committee composition and auditor reporting. 2000 Accounting Review. 75 453-467
Paper not yet in RePEc: Add citation now
Chemmanur, T. ; Jordan, B. ; Liu, M. ; Wu, Q. Antitakeover provisions in corporate spion-offs. 2010 Journal of Banking and Finance. 34 813-824
Chen, S. The economic impact of corporate capital expenditures: focused firms versus diversified firms. 2006 Journal of Financial and Quantitative Analysis. 41 341-355
Chevalier, J. What do we know about cross-subsidization? Evidence from merging firms. 2004 Advances in Economic Analysis and Policy. 4 -
Cho, M. Ownership structure, investment, and the corporate value: an empirical analysis. 1998 Journal of Financial Economics. 47 103-121
Comment, R. ; Jarrell, G. Corporate focus and stock returns. 1995 Journal of Financial Economics. 37 67-87
Cremers, K. ; Nair, V. Governance mechanisms and equity prices. 2005 Journal of Finance. 60 2859-2894
Datta, S. ; Iskandar-Datta, M. ; Raman, K. Executive compensation and corporate acquisition decisions. 2001 Journal of Finance. 56 2299-2336
Denis, D. ; Denis, D. ; Sarin, A. Agency problems, equity ownership, and corporate diversification. 1997 Journal of Finance. 52 135-160
Dittmar, A. ; Mahrt-Smith, J. Corporate governance and the value of cash holdings. 2007 Journal of Financial Economics. 83 599-634
Elyasiani, E. ; Jia, J. Distribution of institutional ownership and corporate firm performance. 2010 Journal of Banking and Finance. 34 606-620
Fama, E. Agency problems and the theory of the firm. 1980 Journal of Political Economy. 88 288-307
Fama, E. ; Jensen, M. Agency problem and residual claims. 1983 Journal of Law and Economics. 26 327-349
- Fama, E. ; Miller, M. The Theory of Finance. 1972 Holt, Rinehart and Winston: New York
Paper not yet in RePEc: Add citation now
Ferris, S. ; Jagannathan, M. ; Pritchard, A. Too busy to mind the business? Monitoring by directors with multiple board appointments. 2003 Journal of Finance. 58 1087-1112
Fich, E. ; Shivdasani, A. Are busy boards effective monitors?. 2006 Journal of Finance. 61 689-724
- Financial Accounting Standard Board (FASB). Disclosures about Segments of an Enterprise and Related Information. Statement of Financial Accounting Standards No. 131. FASB, Norwalk, CT, 1997.
Paper not yet in RePEc: Add citation now
- Financial Accounting Standard Board (FASB). Financial Reporting for Segments of a Business Enterprise. Statement of Financial Accounting Standards No. 14. FASB, Norwalk, CT, 1976.
Paper not yet in RePEc: Add citation now
Giroud, X. ; Mueller, H. Does corporate governance matter in competitive industries?. 2010 Journal of Financial Economics. 95 312-331
Glaser, M. ; Müller, S. Is the diversification discount caused by the book value bias of debt?. 2010 Journal of Banking and Finance. 34 2307-2317
Gompers, P. ; Ishii, J. ; Metrick, A. Corporate governance and equity prices. 2003 Quarterly Journal of Economics. 118 107-155
Goyal, V. ; Park, C. Board leadership structure and CEO turnover. 2002 Journal of Corporate Finance. 8 49-66
Graham, J. ; Lemmon, M. ; Wolf, J. Does corporate diversification destroy value?. 2002 Journal of Finance. 57 695-720
Hadlock, C. ; Ryngaert, M. ; Thomas, S. Corporate structure and equity offerings: are there benefits to diversify?. 2001 Journal of Business. 74 613-635
Harford, J. ; Li, K. Decoupling CEO wealth and firm performance: the case of acquiring CEOs. 2007 Journal of Finance. 62 917-949
Healy, P. ; Palepu, K. Information asymmetry, corporate disclosure, and the capital markets: a review of the empirical disclosure literature. 2001 Journal of Accounting and Economics. 31 405-440
- Hoechle, D., Schmid, M., Walter, I., Yermack, D., 2011. How much of the Diversification Discount can be Explained by Poor Corporate Governance? Working Paper. www.ssrn.com.
Paper not yet in RePEc: Add citation now
- Hoskisson, R. ; Johnson, R. ; Moesel, D. Corporate divestiture intensity in restructuring firms: effects of governance, strategy, and performance. 1994 Academy of Management Journal. 37 1207-1251
Paper not yet in RePEc: Add citation now
Hyland, D. ; Diltz, D. Why firms diversify: an empirical examination. 2002 Financial Management. 31 51-81
Jensen, M. Agency costs of free cash flow, corporate finance, and takeovers. 1986 American Economic Review. 76 323-329
Jensen, M. Takeovers: their causes and consequences. 1988 Journal of Economic Perspectives. 2 21-48
Jensen, M. The modern industrial revolution, exit, and the failure of internal control systems. 1993 Journal of Finance. 48 831-880
Jensen, M. ; Ruback, R. The market for corporate control: the scientific evidence. 1983 Journal of Financial Economics. 11 5-50
Jiao, Y. Stakeholder welfare and firm value. 2010 Journal of Banking and Finance. 34 2549-2561
Jiraporn, P. ; Kim, Y. ; Davidson, W. ; Singh, M. Corporate governance, shareholder rights and firm diversification: an empirical analysis. 2006 Journal of Banking and Finance. 30 947-963
John, K. ; Ofek, E. Asset sales and increases in focus. 1995 Journal of Financial Economics. 37 105-126
- Kim, E., Lu, Y., 2009. CEO Ownership and Valuation. Working Paper, University of Michigan.
Paper not yet in RePEc: Add citation now
Klein, A. Audit committee, board of director characteristics, and earnings management. 2002 Journal of Accounting and Economics. 33 375-400
- Larcker, D. ; Richardson, S. ; Tuna, I. Corporate governance, accounting outcomes, and organization performance. 2007 Accounting Review. 82 963-1008
Paper not yet in RePEc: Add citation now
Lehn, K. ; Zhao, M. CEO turnover after acquisitions: are bad bidders fired?. 2006 Journal of Finance. 61 1759-1811
Leland, H. ; Pyle, D. Informational asymmetries, financial structure, and financial intermediation. 1977 Journal of Finance. 32 371-387
Lewellen, W. ; Loderer, C. ; Rosenfeld, A. Merger decisions and executive stock ownership in acquiring firms. 1985 Journal of Accounting and Economics. 7 209-231
Lewellen, W. ; Loderer, C. ; Rosenfeld, A. Merger, executive risk reduction, and stockholder wealth. 1989 Journal of Financial and Quantitative Analysis. 24 459-472
Lins, K. ; Servaes, H. International evidence on the value of corporate diversification. 1999 Journal of Finance. 54 2215-2239
Masulis, R. ; Wang, C. ; Xie, F. Corporate governance and acquirer returns. 2007 Journal of Finance. 62 1851-1889
- McMullen, D. ; Raghunandan, K. Enhancing audit committee effectiveness. 1996 Journal of Accountancy. 182 79-81
Paper not yet in RePEc: Add citation now
Morck, R. ; Shleifer, A. ; Vishny, R. Management ownership and market valuation: an empirical analysis. 1988 Journal of Financial Economics. 20 293-315
Rajan, R. ; Servaes, H. ; Zingales, L. The cost of diversity: the diversification discount and inefficient investment. 2000 Journal of Finance. 55 35-80
Scharfstein, D. The disciplinary role of takeovers. 1988 Review of Economic Studies. 55 185-199
Scharfstein, D. ; Stein, J. The dark side of internal capital markets: divisional rent-seeking and inefficient investment. 2000 Journal of Finance. 55 2537-2564
Servaes, H. The value of diversification during the conglomerate merger wave. 1996 Journal of Finance. 51 1201-1225
Shin, H. ; Stulz, R. Are internal capital markets efficient?. 1998 Quarterly Journal of Economics. 113 531-552
Shleifer, A. ; Vishny, R. A survey of corporate governance. 1997 Journal of Finance. 52 737-783
Shleifer, A. ; Vishny, R. Large shareholders and corporate control. 1986 Journal of Political Economy. 94 461-488
Shome, D. ; Singh, S. Firm value and external blockholdings. 1995 Financial Management. 24 3-14
Singh, M. ; Mathur, I. ; Gleason, K. Governance and performance implications of diversification strategies: evidence from large US firms. 2004 Financial Review. 39 489-526
Stein, J. Agency, information, and corporate investment. 2003 En : Constantinides, George ; Harris, Milton ; Stulz, Rene Handbook of the Economics of Finance. Elsevier Science: Amsterdam
- Thomas, S. Firm diversification and asymmetric information: evidence from analysts’ forecasts and earnings announcements. 2002 Journal of Financial Economics. 64 373-396
Paper not yet in RePEc: Add citation now
Tirole, J. Corporate governance. 2001 Econometrica. 69 1-35
Villalonga, B. Diversification discount or premium? New evidence from the business information tracking series. 2004 Journal of Finance. 59 479-506
- Villalonga, B., 2004a. Matching BITS to COMPUSTAT: Towards Richer Data for Large Sample Research within Firms. Unpublished Manuscript, Anderson Graduate School of Management, University of California, Los Angeles.
Paper not yet in RePEc: Add citation now
White, H. A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. 1980 Econometrica. 48 817-838
Whited, T. Is it inefficient investment that causes the diversification discount?. 2001 Journal of Finance. 56 1667-1691
Yermack, D. Higher market valuation of companies with a small board of directors. 1996 Journal of Financial Economics. 40 185-211
Yermack, D. Remuneration, retention, and reputation incentives for outside directors. 2004 Journal of Finance. 59 2281-2308