Alternative Title
Do Shareholders or Stakeholders Appropriate the Rents from Corporate Diversification? The Influence of Ownership Structure
Publication Type
Conference Proceeding Article
Version
acceptedVersion
Publication Date
1-2009
Abstract
The article presents the results of research into the relative influence of stakeholders and shareholders on corporate strategic planning in terms of diversification and performance, focusing on concepts such as opportunity cost and rent appropriation. An overview of related previous studies is provided, along with details of the research protocol, which involved data analysis drawn from a sample of Japanese firms and their corporate profits from the years 1990 through 2004. A distinction between transactional and relational ownership is described, which can lead to different priorities in terms of profit and growth.
Discipline
Corporate Finance | Strategic Management Policy
Research Areas
Strategy and Organisation
Publication
Academy of Management Proceedings
First Page
1
Last Page
6
ISSN
0065-0668
Identifier
10.5465/AMBPP.2009.44256519
Publisher
Academy of Management
City or Country
Chicago
Citation
David, Partiban; O’Brien, Jonathan P.; YOSHIKAWA, Toru; and Delios, Andrew.
Stakeholder Influences on Diversification: Implications for Shareholders and Stakeholders. (2009). Academy of Management Proceedings. 1-6.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/2915
Creative Commons License
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