Product market competition and the value of diversification

Name: Product market competition and the value of diversification
Author: Şahin, Cansu İskenderoğlu

İsim	Product market competition and the value of diversification
Yazar	Şahin, Cansu İskenderoğlu
Basım Tarihi:	2023-12
Basım Yeri	- Elsevier
Konu	Diversification, Diversification discount, Product market competition, Tariff reduction
Tür	Süreli Yayın
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	1544-6123
Kayıt Numarası	ce4ce2de-1179-4539-924b-745f727fcf1b
Lokasyon	International Finance
Tarih	2023-12
Örnek Metin	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

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Product market competition and the value of diversification

Yazar Şahin, Cansu İskenderoğlu

Basım Tarihi 2023-12

Basım Yeri - Elsevier

Konu Diversification, Diversification discount, Product market competition, Tariff reduction

Tür Süreli Yayın

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 1544-6123

Kayıt Numarası ce4ce2de-1179-4539-924b-745f727fcf1b

Lokasyon International Finance

Tarih 2023-12

Örnek Metin 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