Article2002

CONFLICTING VOICES: THE EFFECTS OF INSTITUTIONAL OWNERSHIP HETEROGENEITY AND INTERNAL GOVERNANCE ON CORPORATE INNOVATION STRATEGIES.

Robert E. Hoskisson · Michael A. Hitt · William Grossman

969 citations0/0 files storedAcademy of Management Journal

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Corporate Finance and Governance Firm Innovation and Growth Organizational Management and Leadership

Abstract

Examining the relationship between governance and corporate innovation strategies, we found, in opposition to the assumption that owners have a unified voice, differences among governance constitue...

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References

1976Theory of the firm: Managerial behavior, agency costs and ownership structure 1988Structural equation modeling in practice: A review and recommended two-step approach.1983Separation of Ownership and Control 1980Agency Problems and the Theory of the Firm 1993The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems 1985The Structure of Corporate Ownership: Causes and Consequences 1990Performance Pay and Top-Management Incentives 1983Agency Problems and Residual Claims

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