“…Eisenhardt (1989) show that CEO duality increase asymmetric information between manager and the board which accentuate agency problems between insiders and outsiders. Boyd et al (2005) note that CEO duality tears the equilibrium power between CEO and the board which reduce the board's controlling efficiency. Kim et al (2009) show that in the case of unrelated industries, CEO duality and corporate diversification are associated positively.…”
Section: The Ceo Duality and Diversificationmentioning
The aim of this paper is to analyze the role of the board of directors and the management entrenchment in the explanation of diversification strategy of the Tunisian firms. In particular we focus on the characteristics of these two opposite directions bodies where the first controls the second in explaining the strategic choices of the firm. We find evidence for the negative effect of the board size and outside directors on the diversification strategy of the firm. The empirical result points also the negative effect of the CEO duality, which is inconsistent with the agency hypothesis.
“…Eisenhardt (1989) show that CEO duality increase asymmetric information between manager and the board which accentuate agency problems between insiders and outsiders. Boyd et al (2005) note that CEO duality tears the equilibrium power between CEO and the board which reduce the board's controlling efficiency. Kim et al (2009) show that in the case of unrelated industries, CEO duality and corporate diversification are associated positively.…”
Section: The Ceo Duality and Diversificationmentioning
The aim of this paper is to analyze the role of the board of directors and the management entrenchment in the explanation of diversification strategy of the Tunisian firms. In particular we focus on the characteristics of these two opposite directions bodies where the first controls the second in explaining the strategic choices of the firm. We find evidence for the negative effect of the board size and outside directors on the diversification strategy of the firm. The empirical result points also the negative effect of the CEO duality, which is inconsistent with the agency hypothesis.
“…The top indexed companies taken from the Australian Stock Exchange (AXS), Kuala Lumpur Stock Exchange (KLSE) and Karachi Stock Exchange (KSE) in the proportions of 25%, 37.5% and 37.5% respectively in the total sample, as in Table 1 below. Accounting measures have the limitation that they are somewhat open to manipulation by management, so multiple performance measures were used because of the inherent limitations in any single financial measurement [Boyd, Gove, and Hitt 2005]. Based on suggestions in previous research, multiple measures produce a more accurate description of performance [Rechner and Dalton 1991].…”
“…Unreliable measures often result conflicting findings across comparable studies because of measurement errors (Boyd et al, 2005), which may hinder the smooth advancement of knowledge. Crook et al (2010) find that though the results are satisfactory regarding internal reliability, very few of the entrepreneurship studies reported regarding inter-respondent reliability.…”
Section: Reliability and Validity Issuesmentioning
The academic and practical interest in the field of small business and entrepreneurship has recently gained considerable attention. However, an important area of concern within this field has been to find appropriate and suitable research approach or technique that could assist the researchers to produce positive research outcomes. Many researches in this field have been conducted without paying attention to some of their unique characteristics. Therefore, this study identifies and documents various pitfalls associated with these types of researches. It also offers the guidelines and important considerations for researchers in this area with the intention of reducing future weaknesses.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.