From an agency perspective, leverage may have a positive effect on firm performance by
limiting managers' ability to allocate resources to unproductive uses, as well as increasing …

The interrelation between different sources of relatedness in M&A transactions has been
largely overlooked in extant literature. This paper offers theoretical and empirical …

By analogy with portfolio diversification by stock market investors, managers and
researchers have often expected that firms that spread operations across product or …

We find that firm value is reduced via industrial diversification and this reduction in value
depends upon a firm's technology intensity. We consider that asymmetric information …

Many private firms that go public opt for a dual-class share structure which gives insiders
stronger voting power, at the expense of shareholder democracy. We examine how the dual …

The commonly accepted explanation in early studies to diversification discount is that
diversification destroys value because of operational inefficiency. Such argument neglects …

The main objective of this paper is to examine the impact of related/unrelated merger and
acquisition (M&A) on value creation and research and development (R&D) of Indian non …

In this study, we analyze the relationship between industrial diversification and risk among
the Turkish firms listed in the Borsa Istanbul using data from 2005 to 2012. These analyses …

This thesis investigates the effect of ownership structure (both state and foreign) on firm
performance and corporate diversification in the context of Vietnamese listed firms, and …

We extend recently documented evidence that diversified firms hold significantly less cash
than specialized firms to consider differences in how diversified and specialized firms adjust …