More on corporate diversification, firm size and value creation

被引:0
|
作者
Boubaker, Adel [1 ]
Mensi, Walid [1 ]
Nguyen, Duc Khuong [2 ]
机构
[1] Fac Econ Tunis, Tunis, Tunisia
[2] ISC Paris Sch Management, Paris, France
来源
ECONOMICS BULLETIN | 2008年 / 7卷
关键词
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper examines the impact of corporate diversification and firm size on the value creation over the 1997-2005 period for twenty-five non-banking firms listed on Tunis Stock Exchange. Our results confirm previous studies in that shares of diversified firms sell at a discount. Moreover, value creation is found to be positively associated with larger firms.
引用
收藏
页数:7
相关论文
共 50 条
  • [21] Diversification, Refocusing and Firm Value
    Colak, Goenuel
    [J]. EUROPEAN FINANCIAL MANAGEMENT, 2010, 16 (03) : 422 - 448
  • [22] Diversification, corporate governance and firm value in small markets: evidence from New Zealand
    Al-Maskati, Nawaf
    Bate, Andre J.
    Bhabra, Gurmeet S.
    [J]. ACCOUNTING AND FINANCE, 2015, 55 (03): : 627 - 657
  • [23] Corporate diversification, debt maturity structures and firm value: The role of geographic segment data
    Olibe, Kingsley O.
    Rezaee, Zabihollah
    Flagg, James
    Ott, Richard
    [J]. QUARTERLY REVIEW OF ECONOMICS AND FINANCE, 2019, 74 : 206 - 219
  • [24] CORPORATE VENTURE CAPITAL DIVERSIFICATION, PARENT COMPANY VALUE SPILLOVERS AND VALUE CREATION OF START-UPS
    Wang, Lei
    Yang, Ye
    An, Yunbi
    [J]. SINGAPORE ECONOMIC REVIEW, 2021, : 1 - 29
  • [25] Firm size, sovereign governance, and value creation: Evidence from the acquirer size effect
    Humphery-Jenner, Mark
    Powell, Ronan
    [J]. JOURNAL OF CORPORATE FINANCE, 2014, 26 : 57 - 77
  • [26] TOBIN Q, CORPORATE DIVERSIFICATION, AND FIRM PERFORMANCE
    LANG, LHP
    STULZ, RM
    [J]. JOURNAL OF POLITICAL ECONOMY, 1994, 102 (06) : 1248 - 1280
  • [27] Linking Strategic Management and Corporate Entrepreneurship for Firm Value Creation: A Developing Country Perspective
    Bayiley, Yitbarek Takele
    Hailegiyorgis Behaylu, Robel
    [J]. JOURNAL OF AFRICAN BUSINESS, 2022, 23 (01) : 79 - 103
  • [28] THE RELATIONSHIP BETWEEN PORTFOLIO DIVERSIFICATION AND FIRM VALUE: THE EVIDENCE FROM CORPORATE VENTURE CAPITAL ACTIVITY
    Yang, Yi
    Narayanan, Vadake K.
    De Carolis, Donna M.
    [J]. STRATEGIC MANAGEMENT JOURNAL, 2014, 35 (13) : 1993 - 2011
  • [29] Dynamics between brand diversification and segment diversification on firm value
    Koh, Yoon
    [J]. TOURISM ECONOMICS, 2019, 25 (05) : 819 - 826
  • [30] International evidence on the value of corporate diversification
    Lins, K
    Servaes, H
    [J]. JOURNAL OF FINANCE, 1999, 54 (06): : 2215 - 2239