This study investigates whether corporate diversification in Thailand led to value creation or destruction. The evidence shows that, like studies in developed countries, companies listed on the Stock Exchange of Thailand (SET), on average, experience a value loss of more than 10% through their...

The board of directors plays an important role in implementing corporate governance in the firm, as directors have a fiduciary duty to the firm's shareholders. The effectiveness of directors is a key determinant of corporate value and they need to bring a range of skills and experience to the...

We examine the role of employee stock option plans (ESOPs) in mitigating agency problems in New Zealand firms. We find that ESOPs have a significant and positive effect on firm performance relative to their non-ESOP counterparts. This relation appears within a year from the first ESOP...