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| Tekijä: | Lamont, O.A. Polk, C. |
| Otsikko: | Does diversification destroy value? Evidence from the industry shocks |
| Lehti: | Journal of Financial Economics
2002 : JAN, VOL. 63:1, p. 51-77 |
| Asiasana: | CAPITAL MARKETS DIVERSIFICATION DIVERSITY |
| Kieli: | eng |
| Tiivistelmä: | Does corporate diversification reduce shareholder value? Since firms endogenously choose to diversify, exogenous variation in diversification is necessary to draw inferences about the causal effect. The authors examine changes in the within-firm dispersion of industry investment, or "diversity". |
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