Does diversification destroy value? Evidence from the industry shocks

Author:

Lamont Owen A.,Polk Christopher

Publisher

Elsevier BV

Subject

Strategy and Management,Economics and Econometrics,Finance,Accounting

Reference40 articles.

1. Diversification's effect on firm value;Berger;Journal of Financial Economics,1995

2. Bust-up takeovers of value-destroying diversified firms;Berger;Journal of Finance,1996

3. Causes and consequences of corporate refocusing programs;Berger;Review of Financial Studies,1999

4. What do firms do with cash windfalls?;Blanchard;Journal of Financial Economics,1994

5. Campa, J., Kedia, S., 1999. Explaining the diversification discount. Unpublished working paper, New York University, NY.

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