We show that banking relationships promote corporate environmental, social, and
governance (ESG) policies. Specifically, banks are more likely to grant loans to borrowers …

While prior literature has focused on whether family firms are more or less inclined to
diversification than non-family firms, the examination of differences in diversification among …

Due to widespread corporate scandals and failures around the world, there has been a
renewed interest in the effect of corporate governance on firm performance. The majority of …

The formation of university spinoff companies has been studied extensively, yet limited
attention has been devoted to their survival. Consequently, little is known about spinoff's …

The effect of diversification on firm performance has been debated. We reexamine the effect
using a sample of 44,248 observations of non-financial US firms for the 1997–2009 period …

With the aim of achieving an advanced understanding of current research on unrelated
diversification and providing fruitful groundwork to foster active interchange between …

Managers with higher risk incentives (greater options vega) issue less readable disclosures.
Firms in the top quartile of vega file annual reports that are about 15.4% more voluminous …

The diversification discount (multiple segment firm value below the value imputed using
single segment firm multiples) is commonly thought to be generated by agency problems, a …

This study analyses whether the effect of corporate diversification on a firm's market value
depends on how this strategy is implemented. According to the real options approach, two …

This study investigates the interrelationship between bank regulatory capital and bank
diversification. We argue that regulatory capital might act as a substitutive mechanism of …