Influence of Corporation Governance Structure on Diversified Operating
This paper uses samples of non-financial listed companies in Shenzhen and Shanghai from 2004 to 2006 to make empirical verification of the relationship between corporation managing structure and selection of diversified operating strategy. This research indicated that there were dual agency conflicts between personal utility-maximizing and entrenchment effect of majority stockholders which significantly influences improvement in diversified operation. Check-and-balance of ownership, effective mechanism of board of directors will reduce agency cost so as to bring down possibility of diversifying.
diversified operation corporate governance structure dual agency
Xiang Xiao Fangfang Si
School of Economic and Management Beijing Jiaotong University Beijing, China
国际会议
2009 WASE International Conference on Information Engineering(2009年国际信息工程会议)(ICIE 2009)
太原
英文
1028-1031
2009-07-10（万方平台首次上网日期，不代表论文的发表时间）