Corporate diversification, refocusing and shareholder voting
(2021)
Journal Article
Tokbolat, Y., Le, H., & Thompson, S. (2021). Corporate diversification, refocusing and shareholder voting. International Review of Financial Analysis, 78, Article 101924. https://doi.org/10.1016/j.irfa.2021.101924
We examine if shareholders' attitude towards firm diversification strategy is revealed in their votes on management-initiated acquisition and divestment proposals using data on voting by shareholders of UK public firms between 1997 and 2019. We find... Read More about Corporate diversification, refocusing and shareholder voting.