Choe, Chongwoo; Dey, Tania; Mishra, Vinod; Park, In-Uck - Department of Econometrics and Business Statistics, … - 2012
diversification, we use three excess value measures used by Lang and Stulz (1994) and Berger and Ofek (1995). We find that multi … diversification and excess value. We also find some evidence that multi-segment firms benefit more from diversification when their …