Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 9 of 9 for “"Diversification Discount"”.
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Essay on the Persistence of Corporate Diversification Discount after Merger and Acquisition Transactions and Essay on the Capital Structure Properties of Real Estate Investment Trusts (REITs)
… The second chapter addresses corporate diversification discount. I present and test a hypothesis that diversifiers exchange immediate diversification discount with future value gain attributed to unanticipated financial and strategic advantages of diversification. Two implications of …
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Essays on Capital Structure and Ownership Structure
… <p><strong>Chapter 2</strong>: Property Diversification, Ownership Structure, and REIT Valuation<br>This essay examines the impact of property type diversification on the valuation of REITs, with a particular focus on the moderating roles of ownership structure and external shocks such as …
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Internal Capital Markets And Bank Relationship - Evidence From Japanese Corporate Spin-offs.Internal Capital Markets, Investment
… of the Herfindahl index, and a reduction in the diversification discount after the spin-offs. In a cross-sectional analysis, we find that bank-related governance variables such as the keiretsu-affiliation indicator, bank loan to total asset ratio, main bank ownership, and indicator variable of …
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Three Essays On Diversification Strategy, Diversification Performance, And Corporate Misconduct
… essay investigates the relationship between diversification strategy and firm performance in the U.S. property-liability insurance industry. Prior literature has evaluated the effect of total diversification on insurer performance; however, there is an absence of evidence on the effect of …
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Three essays in accounting
… of meeting analysts’ forecasts, and whether the ‘diversification’ discount that multi segment firms seem to suffer from is alleviated/exacerbated when multi segment firms meet/miss analysts’ forecasts. We find for multi segment firms, no (less) earnings/forecast management to meet forecasts, more …
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Three essays in corporate finance
… the relationship between firm age and the diversification discount. The second and third chapters analyze how firms use the proceeds of their stock offerings. In particular, the second chapter shows that when the valuation of the stock market is high issuing firms are more likely to use the …
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Essays in Corporate Finance
… cash also reduce their R\&D expenditure. The diversification discount almost disappears in the years when one of the conglomerate segments is in distress. Overall, our evidence highlights the benefits of conglomerates in enabling segments to avoid financial constraints during periods of …
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The Impact of Corporate Diversification on the Financial Performance of U.S. Bank Holding Companies Pre and Post the Financial Services Modernization Act of 1999
… addresses the impact of this across-activity diversification within the U.S. financial services industry on the profitability and the risk-adjusted performance of bank holding companies. Using a variety of diversification measures, the study analyzes the relationship between corporate …