This article addresses the impact of governance structure on diversification behavior. Hypotheses are developed regarding the differences in diversification strategy of cooperatives and stock listed companies. The analysis shows that stock listed companies are more diversified than cooperatives, related as well as unrelated.

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Erasmus Research Institute of Management
hdl.handle.net/1765/202
ERIM Report Series Research in Management
Erasmus Research Institute of Management

Hendrikse, G., & van Oijen, A. A. C. J. (2002). Diversification and Corporate Governance (No. ERS-2002-48-ORG). ERIM Report Series Research in Management. Retrieved from http://hdl.handle.net/1765/202