Amanjot Singh - In: International Journal of Managerial Finance 20 (2024) 5, pp. 1269-1294
the excess value of diversified firms and oil price uncertainty, additional control variables, fixed-effects models, the …-IV) analysis and the system-GMM model. Findings We find that the excess value of diversified firms, relative to a benchmark … positive oil price changes and amidst supply-driven oil price shocks. The excess value increases irrespective of diversified …