Is the diversification discount caused by the book value bias of debt?

Journal of Banking and Finance

Volumn 34, Issue 10, 2010, Pages 2307-2317

  Glaser, Markus ^a   Müller, Sebastian ^b  

^a UNIVERSITY OF KONSTANZ   (Germany)

^b UNIVERSITY OF MANNHEIM   (Germany)

Author keywords

Conglomerate discount; Corporate governance; Debt valuation; Diversification; Diversification discount; Internal capital markets; Merton model; Option pricing; Ownership structure

Indexed keywords

EID: 77955963794     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbankfin.2010.02.017     Document Type: Article

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