Diversification's effect on firm value

Journal of Financial Economics

Volumn 37, Issue 1, 1995, Pages 39-65

  Berger, Philip G ^a   Ofek, Eli ^b  

^a UNIVERSITY OF PENNSYLVANIA   (United States)

^b NEW YORK UNIVERSITY   (United States)

Author keywords

Cross subsidization; Diversification; Focus; Organizational structure; Overinvestment

Indexed keywords

EID: 0001852811     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/0304-405X(94)00798-6     Document Type: Article

References (38)

1. The link between resources and type of diversification Theory and evidence
2. Corporate focus and stock returns
3. Financial disclosure policy in an entry game
4. Diversification patterns and long-term corporate performance
5. The effects of line-of-business reporting on competition in oligopoly settings
6. Voluntary financial disclosure in an entry game with continua of types
7. The quality and information content of segment reporting
8. Asymmetric information incentives and intrafirm resource allocation
9. Agency costs of free cash flow, corporate finance, and takeovers
10. Takeovers their causes and consequences
11. Eclipse of the public corporation
12. Corporate control and the politics of finance
13. The modern industrial revolution exit and the failure of internal control systems
14. Asset sales and increase in focus
15. Tobin's q, corporate diversification and firm performance
16. A pure financial rationale for the conglomerate merger
17. The causes of corporate refocusing
18. Tobin's q ratio and industrial organization
19. Tax asymmetries and corporate income tax reform
20. Organizational prospects influence costs and ownership changes
21. Diversification Ricardian rents and Tobin's q
22. The determinants of corporate borrowing
23. Optimal coordination mechanisms in generalized principal-agent problems
24. Stock market reactions to related diversification moves by service firms seeking benefits from information asymmetry and economies of scope
25. Disclosure policies with multiple users
26. Tobin's q and the structure-performance relationship
27. Managerial discretion and optimal financing policies
28. A general equilibrium approach to monetary theory
29. Voluntary disclosure with a strategic opponent
30. The nature and significance of conglomerate firms
31. A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity