Explaining the diversification discount Campa, Jose Manuel; Kedia, Simi

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Authors
Campa, Jose Manuel ; Kedia, Simi
Appears In
Journal of Finance
Subjects
Financial Management; Econometric models -- Analysis; Financial Systems & Controls
Audience
Academic
Summary
Three alternative econometric techniques are used to control for the endogeneity of the diversification decision, and to find evidence for supporting the self-selection of diversifying firms. However, a negative correlation is found between a firm's choice to diversify and firm value.
Bookmark
http://trove.nla.gov.au/work/160598
Work ID
160598

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