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International Evidence on the Value of Product and Geographic Diversity

The author examines the effect of product and geographic diversification on firm value for a sample of 1,914 corporations in 18 countries. His results indicate that both product and geographic diversification destroy value at high levels of diversi...

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Bibliographic Details
Main Author: Laeven, Luc
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
AGENCY PROBLEMS
ASSETS
CAPITAL MARKETS
COMPANY
COMPARATIVE ADVANTAGE
CONGLOMERATE MERGERS
CONGLOMERATES
CORPORATE FINANCE
CORPORATE GOVERNANCE
CORPORATE OWNERSHIP
CORPORATE VALUE
CORPORATION
CORPORATIONS
DEBT
DIVERSIFICATION
ECONOMIC THEORY
ECONOMIES OF SCOPE
EFFICIENCY OF CAPITAL
EXPECTED RETURNS
EXPENDITURES
FINANCIAL CRISIS
FINANCIAL SECTOR
FIRM SIZE
FIRMS
FOREIGN SALES
GLOBAL CAPITAL
HUMAN CAPITAL
MERGERS
PRIVATE COMPANIES
PROFITABILITY
REGRESSION ANALYSIS
SHAREHOLDERS
THEORY OF THE FIRM
VALUATION
Online Access:http://documents.worldbank.org/curated/en/2001/12/1660254/international-evidence-value-product-geographic-diversity
http://hdl.handle.net/10986/19407

Internet

http://documents.worldbank.org/curated/en/2001/12/1660254/international-evidence-value-product-geographic-diversity
http://hdl.handle.net/10986/19407

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