The effects of focus versus diversification on bank performance: Evidence from Chinese banks
This paper investigates the effects of focus versus diversification on bank performance using
data on Chinese banks during the 1996–2006 period. We construct a new measure …
data on Chinese banks during the 1996–2006 period. We construct a new measure …
Business groups in emerging markets: Paragons or parasites?
Diversified business (or corporate) groups, consisting of legally independent firms operating
in multiple markets, are ubiquitous in emerging markets and even in some developed …
in multiple markets, are ubiquitous in emerging markets and even in some developed …
Does good corporate governance include employee representation? Evidence from German corporate boards
Within the German corporate governance system, employee representation on the
supervisory board is typically legally mandated. We propose that such representation of …
supervisory board is typically legally mandated. We propose that such representation of …
Does diversification create value in the presence of external financing constraints? Evidence from the 2007–2009 financial crisis
V Kuppuswamy, B Villalonga - Management Science, 2016 - pubsonline.informs.org
We show that the value of corporate diversification increased during the 2007–2009
financial crisis. Diversification gave firms both financing and investment advantages. First …
financial crisis. Diversification gave firms both financing and investment advantages. First …
Do financial conglomerates create or destroy economic value?
This paper investigates whether functional diversification is value-enhancing or value-
destroying in the financial services sector, broadly defined. Based on a US dataset …
destroying in the financial services sector, broadly defined. Based on a US dataset …
Innovation efficiency, global diversification, and firm value
W Gao, J Chou - Journal of Corporate Finance, 2015 - Elsevier
This paper investigates whether multinational firms are less or more efficient in innovation
activities than domestic firms. Using patents and citations scaled by R&D expenses and …
activities than domestic firms. Using patents and citations scaled by R&D expenses and …
Valuation effects of global diversification
A Gande, C Schenzler, LW Senbet - Journal of International Business …, 2009 - Springer
This paper examines the effect of global diversification on firm value using a data set of US
firms from 1994 to 2002. We document that global diversification enhances firm value …
firms from 1994 to 2002. We document that global diversification enhances firm value …
Industrial diversification, partial privatization and firm valuation: Evidence from publicly listed firms in China
C Lin, D Su - Journal of Corporate Finance, 2008 - Elsevier
This paper investigates the relationship between industrial diversification and firm valuation
in a sample of 816 publicly listed firms in China. It contributes to the literature in three ways …
in a sample of 816 publicly listed firms in China. It contributes to the literature in three ways …
International corporate diversification and performance: Does firm self-selection matter?
P Dastidar - Journal of International Business Studies, 2009 - Springer
This paper presents new evidence on US multinational firms and shows that the decision to
diversify internationally is endogenous, and depends on firm, industry, and home-country …
diversify internationally is endogenous, and depends on firm, industry, and home-country …
Ownership identity and concentration: A study of their joint impact on corporate diversification
This paper examines the impact of ownership on product and international diversification.
While ownership concentration has received considerable attention from agency theorists …
While ownership concentration has received considerable attention from agency theorists …