Product market competition and the value of diversification
| العنوان | Product market competition and the value of diversification |
|---|---|
| المؤلف | Şahin, Cansu İskenderoğlu |
| تاريخ النشر: | 2023-12 |
| مكان النشر | - Elsevier |
| الموضوع | Diversification, Diversification discount, Product market competition, Tariff reduction |
| النوع | دورية |
| اللغة | الإنجليزية |
| رقمي | نعم |
| مخطوط | لا |
| المكتبة: | جامعة اوزيجين |
| معرف أصل المكتبة | 1544-6123 |
| رقم السجل | ce4ce2de-1179-4539-924b-745f727fcf1b |
| موقع المكتبة | International Finance |
| التاريخ | 2023-12 |
| نص عينة | I examine how industry concentration affects the value of diversification. I find that con- glomerates that operate mainly in concentrated industries (concentrated conglomerates) have higher diversification values. Using tariff reductions as competitive shocks, I show that concentrated conglomerates experience significant decline in their valuations and respond aggressively to threats in less-competitive industries. |
| DOI | 10.1016/j.frl.2023.104049 |
| Cilt | 58 |
