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Capital Market Development, Integration, Legal Systems, and the Value of Corporate Diversification: A Cross-Country Analysis
16 references·14 citing·24 second hop
Capital Market Development, Integration, Legal Systems, and the Value of Corporate Diversification: A Cross-Country Analysis (2002)Capital Market Development, Integration, …The great reversals: the politics of financial development in the twentieth century (2003)The great reversals: the poli…Disentangling the Incentive and Entrenchment Effects of Large Shareholdings (2002)Disentangling the Incentive a…The separation of ownership and control in East Asian Corporations (2000)The separation of ownership a…Corporate Ownership Around the World (1999)Corporate Ownership Around th…Law and Finance (1998)Law and FinanceLegal Determinants of External Finance (1997)Legal Determinants of Externa…Financial Dependence and Growth (1996)Financial Dependence and Grow…Agency costs of free cash flow, corporate finance, and takeovers (1996)Agency costs of free cash flo…The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)The Modern Industrial Revolut…Finance, entrepreneurship and growth (1993)Finance, entrepreneurship and…Managerial discretion and optimal financing policies (1990)Managerial discretion and opt…Additional evidence on equity ownership and corporate value (1990)Additional evidence on equity…Management ownership and market valuation (1988)Management ownership and mark…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…The Structure of Corporate Ownership: Causes and Consequences (1985)The Structure of Corporate Ow…Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Markets and Hierarchies: Anal…Corporate diversification and firm value: evidence from emerging markets (2015)Corporate diversification and…The Effect of Institutional Factors on the Value of Corporate Diversification (2014)The Effect of Institutional F…The Effect of Capital Market Deepening on Economic Growth in Kenya (2014)The Effect of Capital Market …Revisiting the Bright and Dark Sides of Capital Flows in Business Groups (2014)Revisiting the Bright and Dar…Corporate diversification, real activities manipulation, and firm value (2014)Corporate diversification, re…The value impact of international and industrial diversifications on public‐listed firms in Malaysia (2012)The value impact of internati…Institutional Development and Its Impact on the Performance Effect of Bank Diversification: Evidence from Transition Economies (2011)Institutional Development and…Business Groups and Internal Capital Markets (2007)Business Groups and Internal …Investment Opportunities, Liquidity Premium, and Conglomerate Mergers (2004)Investment Opportunities, Liq…When does corporate diversification matter to productivity and performance? Evidence from East Asia (2003)When does corporate diversifi…Managerial Incentives and Internal Capital Markets (2003)Managerial Incentives and Int…The Pattern and Valuation Effects of Corporate Diversification: A Comparison of the United States, Japan, and other East Asian Economies (2001)The Pattern and Valuation Eff…Finance and Growth (2000)Finance and GrowthCorporate Structure and Equity Offerings: Are There Benefits to Diversification? (1998)Corporate Structure and Equit…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Problems and the Theory of the Firm (1980)Separation of Ownership and Control (1983)What Do We Know about Capital Structure? Some Evidence from International Data (1995)A Survey of Corporate Governance (1997)Investor protection and corporate governance (2000)The Modern Corporation and Private Property (1933)Agency Problems and Residual Claims (1983)Credit Rationing in Markets with Imperfect Information (1981)A Contribution to the Empirics of Economic Growth (1992)Financial intermediation and growth: Causality and causes (2000)Finance and Growth: Theory and Evidence (2004)Law, finance, and economic growth in China (2005)GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS (1982)Two Agency-Cost Explanations of Dividends (1984)Corporate performance and managerial remuneration (1985)Performance Pay and Top-Management Incentives (1990)Higher market valuation of companies with a small board of directors (1996)Corporate governance, chief executive officer compensation, and firm performance (1999)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Colonial Origins of Comparative Development: An Empirical Investigation (2001)The Commitment-Trust Theory of Relationship Marketing (1994)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Earnings management and investor protection: an international comparison (2003)
this work references cited by second hop

References

  • 1998Law and Finance17,902 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1976Markets and Hierarchies: Analysis and Antitrust Implications.13,381 cited
  • 1999Corporate Ownership Around the World10,565 cited
  • 1997Legal Determinants of External Finance9,776 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 1993The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems8,544 cited
  • 1996Financial Dependence and Growth8,055 cited
  • 1988Management ownership and market valuation6,910 cited
  • 1985The Structure of Corporate Ownership: Causes and Consequences6,243 cited
  • 2000The separation of ownership and control in East Asian Corporations5,753 cited
  • 1990Additional evidence on equity ownership and corporate value4,311 cited
  • 2002Disentangling the Incentive and Entrenchment Effects of Large Shareholdings3,845 cited
  • 1990Managerial discretion and optimal financing policies3,679 cited
  • 1993Finance, entrepreneurship and growth3,546 cited
  • 2003

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The great reversals: the politics of financial development in the twentieth century
3,327 cited

Cited by

  • 2003When does corporate diversification matter to productivity and performance? Evidence from East Asia68 cited
  • 2014Corporate diversification, real activities manipulation, and firm value67 cited
  • 2003Managerial Incentives and Internal Capital Markets57 cited
  • 2000Finance and Growth52 cited
  • 2012The value impact of international and industrial diversifications on public‐listed firms in Malaysia50 cited
  • 2014Revisiting the Bright and Dark Sides of Capital Flows in Business Groups43 cited
  • 2007Business Groups and Internal Capital Markets41 cited
  • 2015Corporate diversification and firm value: evidence from emerging markets34 cited
  • 1998Corporate Structure and Equity Offerings: Are There Benefits to Diversification?33 cited
  • 2014The Effect of Institutional Factors on the Value of Corporate Diversification29 cited
  • 2011Institutional Development and Its Impact on the Performance Effect of Bank Diversification: Evidence from Transition Economies29 cited
  • 2004Investment Opportunities, Liquidity Premium, and Conglomerate Mergers24 cited
  • 2001The Pattern and Valuation Effects of Corporate Diversification: A Comparison of the United States, Japan, and other East Asian Economies22 cited
  • 2014The Effect of Capital Market Deepening on Economic Growth in Kenya18 cited