{"id":"https://openalex.org/W1972167633","doi":"https://doi.org/10.1016/j.jbankfin.2005.08.005","title":"Corporate governance, shareholder rights and firm diversification: An empirical analysis","display_name":"Corporate governance, shareholder rights and firm diversification: An empirical analysis","publication_year":2005,"publication_date":"2005-12-08","ids":{"openalex":"https://openalex.org/W1972167633","doi":"https://doi.org/10.1016/j.jbankfin.2005.08.005","mag":"1972167633"},"language":"en","primary_location":{"id":"doi:10.1016/j.jbankfin.2005.08.005","doi":"https://doi.org/10.1016/j.jbankfin.2005.08.005","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jbankfin.2005.08.005","pdf_url":null,"source":{"id":"https://openalex.org/S2876017","display_name":"Journal of Banking & Finance","issn_l":"0378-4266","issn":["0378-4266","1872-6372"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Banking &amp; Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID775144_code417880.pdf?abstractid=775144","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5085978227","display_name":"Pornsit Jiraporn","orcid":"https://orcid.org/0000-0001-5480-7158","observed_orcids":["https://orcid.org/0000-0001-5480-7158"]},"institutions":[{"id":"https://openalex.org/I130769515","display_name":"Pennsylvania State University","ror":"https://ror.org/04p491231","country_code":"US","type":"education","lineage":["https://openalex.org/I130769515"]},{"id":"https://openalex.org/I131740757","display_name":"Texas A&M International University","ror":"https://ror.org/028861t28","country_code":"US","type":"education","lineage":["https://openalex.org/I131740757"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Pornsit Jiraporn","raw_affiliation_strings":["Department of Accounting, Economics and Finance, Texas A&M International University, Laredo, TX 78041, United States","Pennsylvania State University - School of Graduate Professional Studies (SGPS)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting, Economics and Finance, Texas A&M International University, Laredo, TX 78041, United States","institution_ids":["https://openalex.org/I131740757"]},{"raw_affiliation_string":"Pennsylvania State University - School of Graduate Professional Studies (SGPS)","institution_ids":["https://openalex.org/I130769515"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5113223521","display_name":"Young Sang Kim","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I168416876","display_name":"Northern Kentucky University","ror":"https://ror.org/01k44g025","country_code":"US","type":"education","lineage":["https://openalex.org/I168416876"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Young Sang Kim","raw_affiliation_strings":["Department of Economics and Finance, Northern Kentucky University, Highland Heights, KY 41099, United States","Northern Kentucky University - Haile/US Bank College of Business"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics and Finance, Northern Kentucky University, Highland Heights, KY 41099, United States","institution_ids":["https://openalex.org/I168416876"]},{"raw_affiliation_string":"Northern Kentucky University - Haile/US Bank College of Business","institution_ids":["https://openalex.org/I168416876"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5035442251","display_name":"Wallace N. Davidson","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I110378019","display_name":"Southern Illinois University Carbondale","ror":"https://ror.org/049kefs16","country_code":"US","type":"education","lineage":["https://openalex.org/I110378019","https://openalex.org/I2801502357"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Wallace N. Davidson","raw_affiliation_strings":["Department of Finance, College of Business and Administration, Southern Illinois University, Carbondale, United States","Southern Illinois University at Carbondale - Department of Finance"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance, College of Business and Administration, Southern Illinois University, Carbondale, United States","institution_ids":["https://openalex.org/I110378019"]},{"raw_affiliation_string":"Southern Illinois University at Carbondale - Department of Finance","institution_ids":["https://openalex.org/I110378019"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5101795425","display_name":"Manohar Singh","orcid":"https://orcid.org/0000-0002-0270-9393","observed_orcids":["https://orcid.org/0000-0002-0270-9393"]},"institutions":[{"id":"https://openalex.org/I141670070","display_name":"Willamette University","ror":"https://ror.org/04g9e0f44","country_code":"US","type":"education","lineage":["https://openalex.org/I141670070"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Manohar Singh","raw_affiliation_strings":["Atkinson Graduate School of Management, Willamette University, Salem, United States","Willamette University Atkinson Graduate School of Management"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Atkinson Graduate School of Management, Willamette University, Salem, United States","institution_ids":["https://openalex.org/I141670070"]},{"raw_affiliation_string":"Willamette University Atkinson Graduate School of Management","institution_ids":["https://openalex.org/I141670070"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":5,"corresponding_author_ids":["https://openalex.org/A5085978227"],"corresponding_institution_ids":["https://openalex.org/I130769515","https://openalex.org/I131740757"],"apc_list":{"value":3340,"currency":"USD","value_usd":3340},"apc_paid":null,"fwci":22.5439,"has_fulltext":false,"cited_by_count":167,"citation_normalized_percentile":{"value":0.9898945,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":95,"max":100},"biblio":{"volume":"30","issue":"3","first_page":"947","last_page":"963"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.8700000047683716},{"id":"https://openalex.org/keywords/shareholder-rights","display_name":"shareholder rights","score":0.9990000128746033},{"id":"https://openalex.org/keywords/business-diversification","display_name":"business diversification","score":0.9629999995231628},{"id":"https://openalex.org/keywords/diversification-discount","display_name":"diversification discount","score":0.9490000009536743},{"id":"https://openalex.org/keywords/agency-theory","display_name":"agency theory","score":0.8960000276565552},{"id":"https://openalex.org/keywords/international-diversification","display_name":"international diversification","score":0.7480000257492065},{"id":"https://openalex.org/keywords/industrial-diversification","display_name":"industrial diversification","score":0.9950000047683716},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":0.8100000023841858}],"concepts":[{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.8903512954711914},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.807619571685791},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.8051748275756836},{"id":"https://openalex.org/C2779093199","wikidata":"https://www.wikidata.org/wiki/Q338010","display_name":"Shareholder value","level":4,"score":0.614269495010376},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.6090909838676453},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6046629548072815},{"id":"https://openalex.org/C200707436","wikidata":"https://www.wikidata.org/wiki/Q1053211","display_name":"Principal\u2013agent problem","level":3,"score":0.5853506922721863},{"id":"https://openalex.org/C108170787","wikidata":"https://www.wikidata.org/wiki/Q3951828","display_name":"Agency (philosophy)","level":2,"score":0.5004227161407471},{"id":"https://openalex.org/C36673458","wikidata":"https://www.wikidata.org/wiki/Q392896","display_name":"Agency cost","level":4,"score":0.4676356613636017},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.4124825596809387},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.4047732651233673},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.33518314361572266},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.321804404258728},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.29372429847717285},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1016/j.jbankfin.2005.08.005","doi":"https://doi.org/10.1016/j.jbankfin.2005.08.005","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jbankfin.2005.08.005","pdf_url":null,"source":{"id":"https://openalex.org/S2876017","display_name":"Journal of Banking & Finance","issn_l":"0378-4266","issn":["0378-4266","1872-6372"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Banking &amp; Finance","raw_type":"journal-article"},{"id":"mag:1972167633","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID775144_code417880.pdf?abstractid=775144","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"pmh:oai:RePEc:eee:jbfina:v:30:y:2006:i:3:p:947-963","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0378-4266(05)00227-X","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"mag:1972167633","doi":null,"is_oa":true,"landing_page_url":"https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID775144_code417880.pdf?abstractid=775144","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[{"score":0.6207000017166138,"display_name":"Peace, justice, and strong institutions","id":"https://metadata.un.org/sdg/16"}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":29,"referenced_works":["https://openalex.org/W77666782","https://openalex.org/W1529892878","https://openalex.org/W1555528494","https://openalex.org/W1606272114","https://openalex.org/W1878958434","https://openalex.org/W1977584902","https://openalex.org/W1979927021","https://openalex.org/W2018474480","https://openalex.org/W2022983130","https://openalex.org/W2049324641","https://openalex.org/W2087582955","https://openalex.org/W2121925065","https://openalex.org/W2127818249","https://openalex.org/W2136000353","https://openalex.org/W2138616178","https://openalex.org/W2158454654","https://openalex.org/W2164145704","https://openalex.org/W2891422435","https://openalex.org/W3021203231","https://openalex.org/W3023311111","https://openalex.org/W3121131820","https://openalex.org/W3121808812","https://openalex.org/W3122502280","https://openalex.org/W3122899220","https://openalex.org/W3123328485","https://openalex.org/W3125090645","https://openalex.org/W4233420185","https://openalex.org/W4253969047","https://openalex.org/W6680375792"],"related_works":["https://openalex.org/W4408576306","https://openalex.org/W2075461547","https://openalex.org/W2379669027","https://openalex.org/W7098175224","https://openalex.org/W4391904567","https://openalex.org/W2582348912","https://openalex.org/W2254987208","https://openalex.org/W4365816883","https://openalex.org/W2947590450","https://openalex.org/W4251258651"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":5},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":9},{"year":2023,"cited_by_count":7},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":17},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":5},{"year":2018,"cited_by_count":6},{"year":2017,"cited_by_count":9},{"year":2016,"cited_by_count":10},{"year":2015,"cited_by_count":9},{"year":2014,"cited_by_count":11},{"year":2013,"cited_by_count":9},{"year":2012,"cited_by_count":16}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}
