haku: @author Diltz, J. D. / yhteensä: 5
viite: 2 / 5
| Tekijä: | Hyland, D. C. Diltz, J. D. |
| Otsikko: | Why firms diversify: an empirical examination |
| Lehti: | Financial Management
2002 : SPRING, VOL. 31:1, p. 51-81 |
| Asiasana: | Company formation Corporate structure Diversification |
| Kieli: | eng |
| Tiivistelmä: | The authors use the Compustat Industry Segment database in order to identify and analyze a sample of firms that begin the study period as single-segment entities and then subsequently choose to diversify. They find evidence to support two of three possible agency cost hypotheses. Analysis of the differences between true economic diversifiers and firms whose segment change represents a nonsubstantive reporting change suggests that inadvertent inclusion of the latter in diversification studies may bias results, especially with respect to firm liquidity and q. |
SCIMA