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Competition from Specialized Firms and the Diversification–Performance Linkage
16 references·16 citing·40 second hopsampled
Competition from Specialized Firms and the Diversification–Performance Linkage (2008)Competition from Specialized Firms and th…Diversification Discount or Premium? New Evidence from the Business Information Tracking Series (2004)Diversification Discount or P…Information Production and Capital Allocation: Decentralized versus Hierarchical Firms (2002)Information Production and Ca…Explaining the Diversification Discount (2002)Explaining the Diversificatio…Do Conglomerate Firms Allocate Resources Inefficiently Across Industries? Theory and Evidence (2002)Do Conglomerate Firms Allocat…The Cost of Diversity: The Diversification Discount and Inefficient Investment (2000)The Cost of Diversity: The Di…The consolidation of the financial services industry: Causes, consequences, and implications for the future (1999)The consolidation of the fina…The Value of Diversification During the Conglomerate Merger Wave (1996)The Value of Diversification …Firms, Contracts, and Financial Structure (1995)Firms, Contracts, and Financi…Diversification's effect on firm value (1995)Diversification's effect on f…Tobin's q, Corporate Diversification, and Firm Performance (1994)Tobin's q, Corporate Diversif…The Success of Acquisitions: Evidence from Divestitures (1992)The Success of Acquisitions: …Managerial discretion and optimal financing policies (1990)Managerial discretion and opt…Do Managerial Objectives Drive Bad Acquisitions? (1990)Do Managerial Objectives Driv…Towards an economic theory of the multiproduct firm (1982)Towards an economic theory of…Economies of scope and the scope of the enterprise (1980)Economies of scope and the sc…The Division of Labor is Limited by the Extent of the Market (1951)The Division of Labor is Limi…How does economic policy uncertainty affect corporate diversification? (2020)How does economic policy unce…The effect of environmental performance on financial debt. European evidence (2018)The effect of environmental p…The Allocation of Capital within Firms (2018)The Allocation of Capital wit…Does the Diversification–Firm Performance Relationship Change Over Time? A Meta‐Analytical Review (2018)Does the Diversification–Firm…Redirecting Research Efforts on the Diversification–Performance Linkage: The Search for Synergy (2017)Redirecting Research Efforts …Social Business Hybrids: Demand Externalities, Competitive Advantage, and Growth Through Diversification (2016)Social Business Hybrids: Dema…Global diversification discount and its discontents: A bit of self‐selection makes a world of difference (2016)Global diversification discou…Product market competition and corporate investment: Evidence from China (2015)Product market competition an…Product proliferation strategies and firm performance: The moderating role of product space complexity (2013)Product proliferation strateg…Conglomerate Firms, Internal Capital Markets, and the Theory of the Firm (2013)Conglomerate Firms, Internal …Diversification and risk-adjusted performance: A quantile regression approach (2012)Diversification and risk-adju…Corporate Diversification and Firm Value: A Survey of Recent Literature (2012)Corporate Diversification and…Determinants of Corporate Diversification: Evidence From the Property–Liability Insurance Industry (2011)Determinants of Corporate Div…Corporate Portfolio Management: Appraising Four Decades of Academic Research (2011)Corporate Portfolio Managemen…Achieving Demand-Side Synergy from Strategic Diversification: How Combining Mundane Assets Can Leverage Consumer Utilities (2011)Achieving Demand-Side Synergy…Firm Complexity and Board of Director Composition (2007)Firm Complexity and Board of …The Problem of Social Cost (1960)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)A Survey of Corporate Governance (1997)Law and Finance (1998)Investor protection and corporate governance (2000)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)An Evolutionary Theory of Economic Change. 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(1991)The Growth of the Firm in Planned Economies in Transition: Institutions, Organizations, and Strategic Choice (1996)Perspective—Tacit Knowledge and Knowledge Conversion: Controversy and Advancement in Organizational Knowledge Creation Theory (2009)Determinants of corporate borrowing (1977)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Higher market valuation of companies with a small board of directors (1996)Investor Protection and Corporate Valuation (2002)Digital Business Strategy: Toward a Next Generation of Insights (2013)The Nature of the Firm (1937)The Division of Labor, Coordination Costs, and Knowledge (1992)The Theory of the Firm as Governance Structure: From Choice to Contract (2002)Chapter 48 Micro-foundations of urban agglomeration economies (2004)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)The Modern Corporation: Origins, Evolution, Attributes. (1981)The boundaryless career: A competency‐based perspective (1994)The Theory of the Growth of the Firm (1995)The Elusive Concept of Localization Economies: Towards a Knowledge-Based Theory of Spatial Clustering (2002)Financing Constraints and Corporate Investment (1987)The Cross-Section of Expected Stock Returns (1992)Enjoying the Quiet Life? Corporate Governance and Managerial Preferences (2003)Risk Reduction as a Managerial Motive for Conglomerate Mergers (1981)The Hubris Hypothesis of Corporate Takeovers (1986)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Risk, Return, and Equilibrium: Empirical Tests (1973)A cross-firm analysis of the impact of corporate governance on the East Asian financial crisis (2002)Financial and Legal Constraints to Growth: Does Firm Size Matter? (2005)Discretionary disclosure (1983)Does Distance Still Matter? The Information Revolution in Small Business Lending (2002)Does function follow organizational form? Evidence from the lending practices of large and small banks (2005)A more complete conceptual framework for SME finance (2006)
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References

  • 1995Firms, Contracts, and Financial Structure4,671 cited
  • 1990Managerial discretion and optimal financing policies3,679 cited
  • 1995Diversification's effect on firm value3,069 cited
  • 1994Tobin's q, Corporate Diversification, and Firm Performance2,437 cited
  • 2002Information Production and Capital Allocation: Decentralized versus Hierarchical Firms2,426 cited
  • 1982Towards an economic theory of the multiproduct firm1,990 cited
  • 1990Do Managerial Objectives Drive Bad Acquisitions?1,912 cited
  • 1980Economies of scope and the scope of the enterprise1,774 cited
  • 2000The Cost of Diversity: The Diversification Discount and Inefficient Investment1,684 cited
  • 1951The Division of Labor is Limited by the Extent of the Market1,633 cited
  • 1999The consolidation of the financial services industry: Causes, consequences, and implications for the future1,480 cited
  • 2002Explaining the Diversification Discount1,372 cited
  • 1996The Value of Diversification During the Conglomerate Merger Wave878 cited
  • 1992The Success of Acquisitions: Evidence from Divestitures839 cited
  • 2004Diversification Discount or Premium? New Evidence from the Business Information Tracking Series

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815 cited
  • 2002Do Conglomerate Firms Allocate Resources Inefficiently Across Industries? Theory and Evidence759 cited
  • Cited by

    • 2011Achieving Demand-Side Synergy from Strategic Diversification: How Combining Mundane Assets Can Leverage Consumer Utilities173 cited
    • 2015Product market competition and corporate investment: Evidence from China163 cited
    • 2018Does the Diversification–Firm Performance Relationship Change Over Time? A Meta‐Analytical Review158 cited
    • 2011Determinants of Corporate Diversification: Evidence From the Property–Liability Insurance Industry153 cited
    • 2017Redirecting Research Efforts on the Diversification–Performance Linkage: The Search for Synergy127 cited
    • 2007Firm Complexity and Board of Director Composition126 cited
    • 2012Diversification and risk-adjusted performance: A quantile regression approach100 cited
    • 2018The effect of environmental performance on financial debt. European evidence94 cited
    • 2013Product proliferation strategies and firm performance: The moderating role of product space complexity91 cited
    • 2018The Allocation of Capital within Firms89 cited
    • 2013Conglomerate Firms, Internal Capital Markets, and the Theory of the Firm89 cited
    • 2016Global diversification discount and its discontents: A bit of self‐selection makes a world of difference81 cited
    • 2012Corporate Diversification and Firm Value: A Survey of Recent Literature80 cited
    • 2011Corporate Portfolio Management: Appraising Four Decades of Academic Research79 cited
    • 2016Social Business Hybrids: Demand Externalities, Competitive Advantage, and Growth Through Diversification74 cited
    • 2020How does economic policy uncertainty affect corporate diversification?69 cited