Firms pursue diversification for sake enhancing financial performance. Some theories state positive relationship between diversification and financial performance. However, there are some theories for negative relationship about the issue. The study has filled the gap that most studies done in developed countries and there are fewer studies in developing country like Malaysia. In this study, re...

We study a sample of diversified firms that alter their organizational structure by divesting an entire business segment, primarily through asset sales. These firms experience a substantial reduction in the diversification discount after the divestiture. Investment in the firm’s ongoing segments is more sensitive to their imputed market to book ratio. We show that the efficiency of segment inve...

corporate support for entrepreneurship is the most important element for the development of corporate entrepreneurship and is considered as one of the main corporate entrepreneurial antecedents. it involves trust in corporate staff and training them for promoting recognition of opportunities, exploring new and valuable resources, innovative productions and profit-making processes. corporate sup...

Purpose Building on behavioral agency theory, the authors explore role played by corporate governance characteristics as drivers of diversification strategies family firms. Specifically, this study aims to investigate effects board size and gender diversity likelihood that firms will execute a diversifying acquisition vis-à-vis related acquisition. Furthermore, contingency foreign directorship ...