Despite the theoretical appeal of configurational approaches, little empirical research to date has found a clear relationship between configuration membership and firm performance. In this paper, we argue that complementarities among strategic and structural characteristics establish...

This paper examines capital structure decisions as a strategic device to mitigate overinvestment problems. The analysis is based on a two-tiered approach, including agency problems between shareholders and the CEO (firm-level), and between the CEO and international executives (intra-firm level)....

We analyze the relative importance of firm-, industry-, and country-level factors as determinants of the level of ownership concentration of firms. Building particularly on the work of Demsetz & Lehn (1985), Thomsen & Pedersen (1999; 1997, 1998), and La Porta et al.(1998, 1999), we develop...

Extant theory and empirical evidence suggest that strategies of diversification and geographic scope expansion carry benefits as well as costs. However, it is unclear whether the arguments relating diversification and geographic scope expansion with firm performance are applicable in the...