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demand shocks. Evidence suggests that firms in crisis drop or downsize additional products not related to their core product …
Persistent link: https://www.econbiz.de/10012290270
This paper examines the impact of the financial crisis on the value of corporate diversification in a civil law country … such as Spain. The financial crisis offers a natural research experiment to test the effect of a credit … 2012 period and controlling for endogeneity, we find that the financial crisis negatively moderates the impact of …
Persistent link: https://www.econbiz.de/10013032119
team composition, firm diversification, and IT investments - which arguably alter returns to exploiting synergies through … ; diversification …
Persistent link: https://www.econbiz.de/10009548652
Berkshire Hathaway, among history's largest and most successful corporations, shuns middlemen; its chairman, the legendary investor Warren Buffett, excoriates financial intermediaries. The acquisitive conglomerate rarely borrows money, retains brokers, or hires consultants. Its governance is...
Persistent link: https://www.econbiz.de/10011758401
Research Question: The investigation of the optimal allocation of current assets. Motivation: Current assets investment is a decision process which affects firm value. In this paper, we develop a framework that encompasses these decisions by taking into consideration the trade-off between risk...
Persistent link: https://www.econbiz.de/10012850586
Firm growth is an essential feature of market economies, shaping together macroeconomic performance and the evolution of industry structures. As a potential indicator of organizational "fitness" within a competitive environment, firm growth is also a central concern to both the practice and...
Persistent link: https://www.econbiz.de/10012007050
Firm growth is an essential feature of market economies, shaping together macroeconomic performance and the evolution of industry structures. As a potential indicator of organizational “fitness” within a competitive environment, firm growth is also a central concern to both the practice and...
Persistent link: https://www.econbiz.de/10013314635
to affected areas to examine how Ugandan NGOs change their diversification behaviour following the change in incentives … from contractual funding. We find diversification is negatively related to financial incentives from stakeholders …
Persistent link: https://www.econbiz.de/10011757546
This paper provides evidence on the determinants of the diversification status as well as the extent of diversification …, conflict of interests and external markets control are the sources of benefits and costs in diversification decisions by … diversification decisions. Results suggest that the search for operating efficiency arises as a key factor in diversification …
Persistent link: https://www.econbiz.de/10012989936
We examine whether institutional investors' portfolio diversification affects corporate diversification and related … practices. Estimating investor portfolio diversification using their holdings' return characteristics, we find a negative … relationship between portfolio and corporate diversification that is robust to a quasi-natural experiment. Further, greater …
Persistent link: https://www.econbiz.de/10013240261