More on corporate diversification, firm size and value creation

This paper examines the impact of corporate diversification and firm size on the value creation over the 1997-2005 period for twenty-five non-banking firms listed on Tunis Stock Exchange. Our results confirm previous studies in that shares of diversified firms sell at a discount. Moreover, value creation is found to be positively associated with larger firms.

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Year of publication:	2008
Authors:	Nguyen, Duc Khuong ; Mensi, Walid ; Boubaker, Adel
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 7.2008, 3, p. 1-7
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	G3 - Corporate Finance and Governance ; F3 - International Finance
Source:	RePEc - Research Papers in Economics

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