Managerial Shareholding Role in diversifying orientation decision across Tunisian companies

The present work’s major objective consists in examining the impact of managerial shareholding 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 executive detaining a certain capital share proportion enjoys a diversification oriented strategic decision. The reached results, conducted on a sample of 111 Tunisian commercial companies and service-providing firms, appear to reveal the persistence of an insignificant impact of the executives’ shareholding on diversification decision.