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Institutional investors’ role in diversifying orientation decision across Tunisian companies

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  • Manel Gharbi
  • Anis Jarboui

Abstract

The present work’s major objective consists in examining the impact of institutional investors’ presence on corporate diversification decision. For this sake, a theoretical framework based on the corporate governance contractual approach has been advanced highlighting the idea that the presence of institutional enjoys a diversification-oriented strategic decision. For this purpose, a model is used and applied to Tunisian firms’ sample observed over the period 2011–2013. In fact, the study maintains that the presence of institutional investors helps in directly influencing corporate strategic decisions. The reached results, conducted on a sample of 111 Tunisian commercial companies and service-providing firms, appear to reveal the persistence of a significant impact of the institutional investors on diversification decision.

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  • Manel Gharbi & Anis Jarboui, 2017. "Institutional investors’ role in diversifying orientation decision across Tunisian companies," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1244873-124, January.
    • Handle: RePEc:taf:oaefxx:v:5:y:2017:i:1:p:1244873
    DOI: 10.1080/23322039.2016.1244873
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    1. Manel Gharbi & Anis Jarboui, 2023. "Ownership Structure, Board Characteristics, and Firm Diversification: Evidence from an Emerging Country," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(3), pages 3-20.
    2. Samara, Georges, 2021. "Family businesses in the Arab Middle East: What do we know and where should we go?," Journal of Family Business Strategy, Elsevier, vol. 12(3).

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