-
1
-
-
84993079274
-
The diversification discount puzzle: Evidence for a transaction-cost resolution
-
Aggarwal, R., and S. Zhao., 2009. The diversification discount puzzle: Evidence for a transaction-cost resolution, The Financial Review 44, 113-135.
-
(2009)
The Financial Review
, vol.44
, pp. 113-135
-
-
Aggarwal, R.1
Zhao, S.2
-
2
-
-
0000058833
-
New evidence and perspectives on mergers
-
Andrade, G., M. Mitchell., and E. Stafford., 2001. New evidence and perspectives on mergers, Journal of Economic Perspectives 15, 103-120.
-
(2001)
Journal of Economic Perspectives
, vol.15
, pp. 103-120
-
-
Andrade, G.1
Mitchell, M.2
Stafford, E.3
-
3
-
-
0042671365
-
Tunneling or value added? Evidence from mergers by Korean Business Groups
-
Bae, K.-H., J.-K. Kang., and J.-M. Kim., 2002. Tunneling or value added? Evidence from mergers by Korean Business Groups, Journal of Finance 57, 2695-2740.
-
(2002)
Journal of Finance
, vol.57
, pp. 2695-2740
-
-
Bae, K.-H.1
Kang, J.-K.2
Kim, J.-M.3
-
4
-
-
0001856744
-
Hostile takeovers in the 1980s: The return to corporate specialization
-
Bhagat, S., A. Shleifer., and R.W. Vishny., 1990. Hostile takeovers in the 1980s: The return to corporate specialization, Brookings Papers in Economic Activity: Microeconomics, 1-72.
-
(1990)
Brookings Papers in Economic Activity: Microeconomics
, pp. 1-72
-
-
Bhagat, S.1
Shleifer, A.2
Vishny, R.W.3
-
7
-
-
0009933769
-
Explaining the diversification discount
-
Campa, J.M., and S. Kedia., 2002. Explaining the diversification discount, Journal of Finance 57, 1731-1762.
-
(2002)
Journal of Finance
, vol.57
, pp. 1731-1762
-
-
Campa, J.M.1
Kedia, S.2
-
8
-
-
14844361494
-
What do we know about cross-subsidization? Evidence from merging firms
-
Article 3
-
Chevalier, J., 2004. What do we know about cross-subsidization? Evidence from merging firms, Advances in Economic Analysis and Policy 4, Article 3, 1-27.
-
(2004)
Advances in Economic Analysis and Policy
, vol.4
, pp. 1-27
-
-
Chevalier, J.1
-
10
-
-
84977703054
-
Mergers and the value of antitrust deterrence
-
Eckbo, B.E., 1992. Mergers and the value of antitrust deterrence, Journal of Finance 27, 1005-1029.
-
(1992)
Journal of Finance
, vol.27
, pp. 1005-1029
-
-
Eckbo, B.E.1
-
11
-
-
33644884995
-
On the patterns and wealth effects of vertical mergers
-
Fan, J.P.H., and V.K. Goyal., 2006. On the patterns and wealth effects of vertical mergers, Journal of Business 79, 877-902.
-
(2006)
Journal of Business
, vol.79
, pp. 877-902
-
-
Fan, J.P.H.1
Goyal, V.K.2
-
12
-
-
0039656364
-
Organization capital and the choice between specialization and diversification
-
Gort, M., H. Grabowski., and R. McGuckin., 1985. Organization capital and the choice between specialization and diversification, Managerial and Decision Economics 6, 2-10.
-
(1985)
Managerial and Decision Economics
, vol.6
, pp. 2-10
-
-
Gort, M.1
Grabowski, H.2
McGuckin, R.3
-
13
-
-
0009953773
-
Does corporate diversification destroy value
-
Graham, J.R., M.L. Lemmon., and J.G. Wolf., 2002. Does corporate diversification destroy value Journal of Finance 57, 695-720.
-
(2002)
Journal of Finance
, vol.57
, pp. 695-720
-
-
Graham, J.R.1
Lemmon, M.L.2
Wolf, J.G.3
-
16
-
-
44049122842
-
Does corporate performance improve after mergers
-
Healy, P.M., K.G. Palepu., and R.S. Ruback., 1992. Does corporate performance improve after mergers Journal of Financial Economics 31, 135-175.
-
(1992)
Journal of Financial Economics
, vol.31
, pp. 135-175
-
-
Healy, P.M.1
Palepu, K.G.2
Ruback, R.S.3
-
17
-
-
0008505990
-
A reexamination of the conglomerate merger wave in the 1960s: An internal capital markets view
-
Hubbard, W.G., and D. Palia., 1999. A reexamination of the conglomerate merger wave in the 1960s: An internal capital markets view, Journal of Finance 54, 1131-1152.
-
(1999)
Journal of Finance
, vol.54
, pp. 1131-1152
-
-
Hubbard, W.G.1
Palia, D.2
-
18
-
-
0036340511
-
Why firms diversify: An empirical examination
-
Hyland, D.C., and J.D. Diltz., 2002. Why firms diversify: An empirical examination, Financial Management 31, 51-81.
-
(2002)
Financial Management
, vol.31
, pp. 51-81
-
-
Hyland, D.C.1
Diltz, J.D.2
-
19
-
-
0002296264
-
The market for corporate control: The empirical evidence since 1980
-
Jarrell, G.A., J.A. Brickley., and J.M. Netter., 1988. The market for corporate control: The empirical evidence since 1980, Journal of Economic Perspectives 2, 49-68.
-
(1988)
Journal of Economic Perspectives
, vol.2
, pp. 49-68
-
-
Jarrell, G.A.1
Brickley, J.A.2
Netter, J.M.3
-
20
-
-
0001066475
-
Agency costs of free cash flow, corporate finance, and takeovers
-
Jensen, M.C., 1986. Agency costs of free cash flow, corporate finance, and takeovers, American Economic Review 76, 323-329.
-
(1986)
American Economic Review
, vol.76
, pp. 323-329
-
-
Jensen, M.C.1
-
21
-
-
2442636390
-
Bidder discounts and target premia in takeovers
-
Jovanovic, B., and S. Braguinsky., 2004. Bidder discounts and target premia in takeovers, American Economic Review 94, 46-56.
-
(2004)
American Economic Review
, vol.94
, pp. 46-56
-
-
Jovanovic, B.1
Braguinsky, S.2
-
22
-
-
84977712240
-
The success of acquisitions: Evidence from divestitures
-
Kaplan, S., and M.S. Weisbach., 1992. The success of acquisitions: Evidence from divestitures, Journal of Finance 47, 107-138.
-
(1992)
Journal of Finance
, vol.47
, pp. 107-138
-
-
Kaplan, S.1
Weisbach, M.S.2
-
23
-
-
0003112060
-
Do investment-cash flow sensitivities provide useful measures of financing constraints
-
Kaplan, S.N., and L. Zingales., 1997. Do investment-cash flow sensitivities provide useful measures of financing constraints Quarterly Journal of Economics 112, 169-215.
-
(1997)
Quarterly Journal of Economics
, vol.112
, pp. 169-215
-
-
Kaplan, S.N.1
Zingales, L.2
-
24
-
-
0039738467
-
Were the acquisitive conglomerates inefficient
-
Klein, P.G., 2001. Were the acquisitive conglomerates inefficient RAND Journal of Economics 32, 745-761.
-
(2001)
RAND Journal of Economics
, vol.32
, pp. 745-761
-
-
Klein, P.G.1
-
25
-
-
0035635521
-
Financial constraints and stock returns
-
Lamont, O., C. Polk., and J. Saa-Requejo., 2001. Financial constraints and stock returns, Review of Financial Studies 14, 529-554.
-
(2001)
Review of Financial Studies
, vol.14
, pp. 529-554
-
-
Lamont, O.1
Polk, C.2
Saa-Requejo, J.3
-
26
-
-
84911059380
-
Tobin’s q, corporate diversification, and firm performance
-
Lang, L.H.P., and R.M. Stulz., 1994. Tobin’s q, corporate diversification, and firm performance, Journal of Political Economy 102, 1248-1280.
-
(1994)
Journal of Political Economy
, vol.102
, pp. 1248-1280
-
-
Lang, L.H.P.1
Stulz, R.M.2
-
27
-
-
35948988013
-
Managerial performance, Tobin’s Q, and the gains from successful tender offers
-
Lang, L.H.P., R.M. Stulz., and R.A. Walkling., 1989. Managerial performance, Tobin’s Q, and the gains from successful tender offers, Journal of Financial Economics 24, 137-154.
-
(1989)
Journal of Financial Economics
, vol.24
, pp. 137-154
-
-
Lang, L.H.P.1
Stulz, R.M.2
Walkling, R.A.3
-
28
-
-
84993848595
-
A pure financial rationale for the conglomerate merger
-
Lewellen, W.G., 1971. A pure financial rationale for the conglomerate merger, Journal of Finance 26, 521-537.
-
(1971)
Journal of Finance
, vol.26
, pp. 521-537
-
-
Lewellen, W.G.1
-
29
-
-
0040426296
-
International evidence on the value of corporate diversification
-
Lins, K.V., and H. Servaes., 1999. International evidence on the value of corporate diversification, Journal of Finance 54, 2215-2239.
-
(1999)
Journal of Finance
, vol.54
, pp. 2215-2239
-
-
Lins, K.V.1
Servaes, H.2
-
30
-
-
0036337921
-
Is corporate diversification beneficial in emerging markets
-
Lins, K.V., and H. Servaes., 2002. Is corporate diversification beneficial in emerging markets Financial Management 31, 5-31.
-
(2002)
Financial Management
, vol.31
, pp. 5-31
-
-
Lins, K.V.1
Servaes, H.2
-
31
-
-
0042594657
-
Do conglomerate firms allocate resources inefficiently across industries: Theory and evidence
-
Maksimovic, V., and G. Phillips., 2002. Do conglomerate firms allocate resources inefficiently across industries: Theory and evidence, Journal of Finance 57, 721-767.
-
(2002)
Journal of Finance
, vol.57
, pp. 721-767
-
-
Maksimovic, V.1
Phillips, G.2
-
32
-
-
84882506437
-
Conglomerate firms and internal capital markets
-
B. EspenEckbo, North-Holland, Amsterdam
-
Maksimovic, V., and G. Phillips., 2007. Conglomerate firms and internal capital markets, in: B. EspenEckbo, ed., Handbook of Corporate Finance: Empirical Corporate Finance (North-Holland, Amsterdam).
-
(2007)
Handbook of Corporate Finance: Empirical Corporate Finance
-
-
Maksimovic, V.1
Phillips, G.2
-
33
-
-
0002660703
-
Wealth creation versus wealth redistributions in pure stock-for-stock mergers
-
Maquieira, C.P., W.L. Megginson., and L. Nail., 1998. Wealth creation versus wealth redistributions in pure stock-for-stock mergers, Journal of Financial Economics 48, 3-33.
-
(1998)
Journal of Financial Economics
, vol.48
, pp. 3-33
-
-
Maquieira, C.P.1
Megginson, W.L.2
Nail, L.3
-
34
-
-
84870283553
-
Takeover motives during the conglomerate merger wave
-
Matsusaka, J.G., 1993. Takeover motives during the conglomerate merger wave, RAND Journal of Economics 24, 357-379.
-
(1993)
RAND Journal of Economics
, vol.24
, pp. 357-379
-
-
Matsusaka, J.G.1
-
35
-
-
0039105969
-
Corporate diversification, value maximization, and organizational capabilities
-
Matsusaka, J.G., 2001. Corporate diversification, value maximization, and organizational capabilities, Journal of Business 74, 409-431.
-
(2001)
Journal of Business
, vol.74
, pp. 409-431
-
-
Matsusaka, J.G.1
-
37
-
-
80053054744
-
Division manager lobbying power and the allocation of capital
-
McNeil, C.R., and T.I. Smythe., 2009. Division manager lobbying power and the allocation of capital, The Financial Review 44, 59-85.
-
(2009)
The Financial Review
, vol.44
, pp. 59-85
-
-
McNeil, C.R.1
Smythe, T.I.2
-
38
-
-
84977702683
-
Do managerial objectives drive bad acquisitions
-
Morck, R., A. Shleifer., and R.W. Vishny., 1990. Do managerial objectives drive bad acquisitions Journal of Finance 45, 31-48.
-
(1990)
Journal of Finance
, vol.45
, pp. 31-48
-
-
Morck, R.1
Shleifer, A.2
Vishny, R.W.3
-
39
-
-
48549110620
-
Corporate financing and investment decisions when firms have information that investors do not have
-
Myers, S.C., and N.S. Majluf., 1984. Corporate financing and investment decisions when firms have information that investors do not have, Journal of Financial Economics 13, 187-221.
-
(1984)
Journal of Financial Economics
, vol.13
, pp. 187-221
-
-
Myers, S.C.1
Majluf, N.S.2
-
40
-
-
11044226099
-
Integration, organizational processes and allocation of resources
-
Ozbas, O., 2005. Integration, organizational processes and allocation of resources, Journal of Financial Economics 75, 201-242.
-
(2005)
Journal of Financial Economics
, vol.75
, pp. 201-242
-
-
Ozbas, O.1
-
41
-
-
84989095272
-
Diversification strategy, profit performance and the entropy measure
-
Palepu, K., 1985. Diversification strategy, profit performance and the entropy measure, Strategic Management Journal 6, 239-255.
-
(1985)
Strategic Management Journal
, vol.6
, pp. 239-255
-
-
Palepu, K.1
-
42
-
-
0003457920
-
The costs of diversity: The diversification discount and inefficient investment
-
Rajan, R.G., H. Servaes., and L. Zingales., 2000. The costs of diversity: The diversification discount and inefficient investment, Journal of Finance 55, 35-80.
-
(2000)
Journal of Finance
, vol.55
, pp. 35-80
-
-
Rajan, R.G.1
Servaes, H.2
Zingales, L.3
-
43
-
-
0003922811
-
-
Harvard Business School Press, Boston, MA
-
Rumelt, R.P., 1974. Strategy, Structure, and Economic Performance (Harvard Business School Press, Boston, MA).
-
(1974)
Strategy, Structure, and Economic Performance
-
-
Rumelt, R.P.1
-
44
-
-
0039027668
-
The dark side of internal capital markets: Divisional rent-seeking and inefficient investment
-
Scharfstein, D.S., and J.C. Stein., 2000. The dark side of internal capital markets: Divisional rent-seeking and inefficient investment, Journal of Finance 55, 2537-2564.
-
(2000)
Journal of Finance
, vol.55
, pp. 2537-2564
-
-
Scharfstein, D.S.1
Stein, J.C.2
-
45
-
-
0041669510
-
Effects of corporate diversification on productivity
-
Schoar, A., 2002. Effects of corporate diversification on productivity, Journal of Finance 57, 2379-2403.
-
(2002)
Journal of Finance
, vol.57
, pp. 2379-2403
-
-
Schoar, A.1
-
46
-
-
0039056187
-
The value of diversification during the conglomerate merger wave
-
Servaes, H., 1996. The value of diversification during the conglomerate merger wave, Journal of Finance 51, 1201-1225.
-
(1996)
Journal of Finance
, vol.51
, pp. 1201-1225
-
-
Servaes, H.1
-
47
-
-
0002271588
-
Takeovers in the '60s and the '80s: Evidence and implications
-
Shleifer, A., and R.W. Vishny., 1991. Takeovers in the '60s and the '80s: Evidence and implications, Strategic Management Journal 12, 51-59.
-
(1991)
Strategic Management Journal
, vol.12
, pp. 51-59
-
-
Shleifer, A.1
Vishny, R.W.2
-
49
-
-
38249043340
-
Investment banking and the capital acquisition process
-
Smith, C.W., 1986. Investment banking and the capital acquisition process, Journal of Financial Economics 15, 3-29.
-
(1986)
Journal of Financial Economics
, vol.15
, pp. 3-29
-
-
Smith, C.W.1
-
51
-
-
0039054530
-
Internal capital markets and the competition for corporate resources
-
Stein, J.C., 1997. Internal capital markets and the competition for corporate resources, Journal of Finance 52, 111-133.
-
(1997)
Journal of Finance
, vol.52
, pp. 111-133
-
-
Stein, J.C.1
-
52
-
-
1842763647
-
Diversification discount or premium? New evidence from the business information tracking series
-
Villalonga, B., 2004a. Diversification discount or premium? New evidence from the business information tracking series, Journal of Finance 59, 475-502.
-
(2004)
Journal of Finance
, vol.59
, pp. 475-502
-
-
Villalonga, B.1
-
53
-
-
3042777269
-
Does diversification cause the ‘diversification discount
-
Villalonga, B., 2004b. Does diversification cause the ‘diversification discount’ Financial Management 33, 5-27.
-
(2004)
Financial Management
, vol.33
, pp. 5-27
-
-
Villalonga, B.1
-
54
-
-
0002082903
-
Diversification and merger trends
-
Weston, J.F., 1970. Diversification and merger trends, Business Economics 5, 50-57.
-
(1970)
Business Economics
, vol.5
, pp. 50-57
-
-
Weston, J.F.1
-
55
-
-
84993918967
-
Tests of the efficiency performance of conglomerate firms
-
Weston, J.F., and S.K. Mansinghka., 1971. Tests of the efficiency performance of conglomerate firms, Journal of Finance 26, 919-936.
-
(1971)
Journal of Finance
, vol.26
, pp. 919-936
-
-
Weston, J.F.1
Mansinghka, S.K.2
-
57
-
-
33846121904
-
Value of conglomerates and capital market conditions
-
Yan, A., 2006. Value of conglomerates and capital market conditions, Financial Management 35, 5-30.
-
(2006)
Financial Management
, vol.35
, pp. 5-30
-
-
Yan, A.1
|