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Tekijä:Fauver, L.
Houston, J.
Naranjo, A.
Otsikko:Capital market development, international integration, legal systems, and the value of corporate diversification: a cross-country analysis
Lehti:Journal of Financial and Quantitative Analysis
2003 : MAR, VOL. 38:1, p. 135-157
Asiasana:Capital markets
Country comparisons
Diversification
Integration
International relations
Legal systems
Kieli:eng
Tiivistelmä:Using a database of more than 8000 companies from 35 countries, the authors find that the value of corporate diversification is related to the level of capital market development, international integration, and legal systems. The results suggest that the financial, legal, and regulatory environments each have an important influence on the value of diversification.
SCIMA tietueen numero: 244957
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