We have previously discussed that corporate strategies expand the scope of operations through diversification into new businesses. But, under strict assumptions of an efficient market, there is no obvious rational for one company to acquire another, especially less efficient or unrelated businesses.
www.mgmtguru.com/mgt499/TN8.htm
Growth through diversification can be achieved in two ways, ... When reorganization includes selling of corporate businesses, the term often used to describe this strategy is sell-offs. A spin-off occurs when the corporation establishes a new legal entity and distributes its shares to existing shareholders in the...
www.mgmtguru.com/mgt499/TN8_2.htm
Oct4DivJF2.PDF (PDF File)
Both Sides of Corporate Diversification: The value impacts of geographic and industrial diversification Abstract This paper examines the effect of geographic and industrial diversification on firm value for a sample of over 20,000 firm-year observations of U.S. corporations from 1987 1993. We find the value of a firm...
finance.wharton.upenn.edu/weiss/wpapers/98-2.pdf
In the 1980s, both financial economists and corporate managers began to question the value of the corporate diversification strategy. Because shareholders can easily and cheaply diversify their own portfolios, economists doubted that corporate diversification helped them much.
findarticles.com/p/articles/mi_m1038/is_n2_v40/ai_19685... findarticles.com/p/articles/mi_m1038/is_n2_v40/ai_19685043/
The restructuring of Thorn EMI transformed a diversified conglomerate trading at a diversification discount into a focused music company, while creating considerable value for shareholders. At the peak of its diversification, ... The same must be said of the impact of corporate governance on performance.
findarticles.com/cf_dls/m4130/4_30/82273333/print.jhtml
MODULE 7: Corporate Diversification Strategies ... Slide 3: CORPORATE DIVERSIFICATION & CORPORATE STRATEGY ... Slide 4: MAIN TASKS IN CRAFTING CORPORATE STRATEGY...
www.csuchico.edu/mgmt/strategy/module7/
Business Unit Strategy ... (5) Corporate reputation for quality or technology ... (6) Long corporate tradition or unique skills...
www.csustan.edu/manage/harris/MBA4.html
Is Corporate Diversification Beneficial in Emerging Markets? Abstract; Using a sample of over 1000 firms from seven emerging markets in 1995, we find that diversified firms trade at a discount of approximately 7% compared to single-segment firms.
faculty.london.edu/hservaes/em.pdf
Corporate Diversification and Agency; Benjamin E. Hermalin; Department of Economics and Haas School of Business; University of California, Berkeley; Michael L. Katz; Haas School of Business; University of California, Berkeley;
www.haas.berkeley.edu/finance/WP/rpf291.pdf
Author info | Abstract | Publisher info | Download info | Related research | Statistics ... No abstract is available for this item. ... If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of...
ideas.repec.org/a/eee/quaeco/v43y2003i1p147-167.html