Does Diversification Destroy Value? Evidence From Industry Shocks
收藏NBER2000-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7803
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资源简介：
Does corporate diversification reduce shareholder value? Since firms endogenously choose to diversify, exogenous variation in diversification is necessary in order to draw inferences about the causal effect. We examine changes in the within-firm dispersion of industry investment, or diversity.' We
提供机构：
美国国家经济研究局
创建时间：
2000-07-01
