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The paper focuses on the interaction between the solvency probability of a banking firm and the diversification … achieve a confidence level for solvency, we demonstrate that diversification reduces the amount of equity. Notably, the VaR …
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According to many authors, so-called “central planning” had disappeared from European countries by 1989. However, this is by no means certain. Many former centrally planned economies still engage in central planning, in both the private and public sectors. Moreover, there is a striking...
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We analyze a unique dataset from a survey of CFOs of diversified firms to examine four areas of diversification and … internal capital markets: causes and financing effects of corporate diversification, capital budgeting processes, capital …
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