Corporate diversification, information asymmetry and insider trading

The literature suggests that corporate diversification destroys firm value. This value destruction is usually considered to be a consequence of managers' pursuing diversification strategies to benefit themselves rather than to increase firm value. This paper provides evidence that casts doubt o...

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Bibliographic Details
Main Authors: Ali Ataullah, Ian R. Davidson, Hang Le, Geoffrey Wood
Format: Default Article
Published: 2014
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