Agency theory and the influence of equity ownership structure on corporate diversification strategies
从代理理论出发，分析股权所有权结构如何影响企业多元化战略，并回顾相关实证证据，发现所有权结构确实显著影响企业战略。
We articulate the agency theory view of managerial decision making and its implications for corporate diversification strategies. From agency theory, we generate testable predictions for the relation between equity ownership structure and diversification strategies and review the existing evidence on this relation. On balance, the evidence strongly supports the view that ownership structure influences corporate strategy. Copyright © 1999 John Wiley & Sons, Ltd.