Dey, Tania and Banerjee, Rajabrata (2011): Can Corporate Diversification Promote Firm Value? A Survey.
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This paper performs a rigorous survey of existing measures of diversification and fills a number of missing gaps between the theoretical and empirical literature surveyed by previous authors. In addition, the study outlines the areas where future work is possible and in which direction researchers may advance their thoughts. A detailed discussion on the various methodologies employed by earlier researchers and their findings are presented. This survey indicates that there is further scope for development of new theories and the empirical literature suggests that there is scope for development of new measures of diversification.
|Item Type:||MPRA Paper|
|Original Title:||Can Corporate Diversification Promote Firm Value? A Survey|
|Keywords:||corporate diversification, firm valuation, discount, premium|
|Subjects:||G - Financial Economics > G3 - Corporate Finance and Governance > G34 - Mergers ; Acquisitions ; Restructuring ; Corporate Governance
G - Financial Economics > G3 - Corporate Finance and Governance > G30 - General
|Depositing User:||Rajabrata Banerjee|
|Date Deposited:||18. Feb 2011 20:28|
|Last Modified:||11. Feb 2013 16:31|
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