Article,

Agency Problems as Antecedents to Unrelated Mergers and Diversification: Amihud and Lev Reconsidered

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Strategic Management Journal, 19 (6): 555--578 (1998)

Abstract

Discusses the results of studies by two management advisers, Y. Amihud and B. Lev, relating to problems agencies encounter, due to unrelated mergers and diversification. Prediction made by agency theory; Comparison of agency problems and strategic behaviors; Details on Amihud and Lev's perception of agency theory; Investigation of the effectiveness of the ownership structure of the firm.

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