This does not imply, that we think that there are no agency costs associated with firms operating in multiple divisions. But rather that for firms which diversify, these costs should be dominated by the benefits of diversification. A proper evaluation of the effect of diversification on firm valu...
Explaining Public Agency–Interest Group Interactions The literature offers individually valid yet collectively inconsistent hypotheses concerning the nature of public agencies' responsiveness to interest grou... C Braun - 《Governance》 被引量: 46发表: 2012年 A Critical Assessment of the Traditional ...