This work examines 2486 cooperative arrangement announcements signed by firms that quote in the Spanish stock market during the period 1990-2002. To investigate, its more prominent characteristics are analyzed: sector of activity of the signatory companies; if the agreement is going to carry out...

This study seeks to analyze the determinants of the diversification decision. According to previous literature, we distinguish between managerial and economic determinants depending on if they may maximize managers' utility or firms' utility respectively. After applying a Logit regression...