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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Main Authors: | , , , |
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Format: | Default Article |
Published: |
2014
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Subjects: | |
Online Access: | https://hdl.handle.net/2134/15908 |
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