search query: @author Denis, D. K. / total: 5
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| Author: | Denis, D. J. Denis, D. K. Yost, K. |
| Title: | Global diversification, industrial diversification, and firm value |
| Journal: | Journal of Finance
2002 : OCT, VOL. 57:5, p. 1951-1979 |
| Index terms: | Companies Diversification Valuation |
| Language: | eng |
| Abstract: | Using a sample of firm-years 1984-1997 the authors document an increase in the extent of global diversification over time. This trend does not reflect a substitution of global for industrial diversification over time. This trend does not reflect a substitution of global for industrial diversification. The authors find that global diversification results in average valuation discounts of approximately the same magnitude as those for industrial diversification. |
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