Revista OEconomica

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Răzvan PÎRCĂLĂBESCU - Trade Relations between Romania and the United Mexican States: Export Challenges and Opportunities [Relaţiile comerciale ale României cu Statele Unite Mexicane: provocări şi oportunităţi ale exportului]

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Anca TAMAŞ - Book Review / Recenzie de carte: Matt Ridley, Inovaţia – Cum funcţionează şi de ce îi prieşte libertatea, Bucureşti, Editura Orion, 2021

Articles on Issue Theme

Luminiţa Mihaela ILEANA

In this study authors argues that diversification plays an important role not only in personal financial investment, but also in corporate strategy. One of the pillar of investment theory is that diversification reduce the risk without affecting the income. But not always diversification brings value. The orientation towards diversification is also influenced by the main objective of corporations (to maximize the shareholders’ wealth) but also by managerial opportunism (pursuing the own interests detrimental to other stakeholders). As a result, managers may be prone to follow diversification and growth strategies even if these can destroy value for shareholders.

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ŒCONOMICA no. 3/2008

Keywords: inflation rate, corporate governance, corporate diversification, agency costs and theory, conflicts of interest, value - reducing diversification strategy

JEL: G34

Diversificarea şi guvernanţa corporativă – o analiză comparată a investigaţiilor empirice

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