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Corporate diversification and firm value during economic downturns
16 references·5 citing·34 second hop
Corporate diversification and firm value during economic downturns (2014)Corporate diversification and firm value …Costly external finance, corporate investment, and the subprime mortgage credit crisis (2010)Costly external finance, corp…The cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…Financial Constraints Risk (2006)Financial Constraints RiskThe Dark Side of Internal Capital Markets: Divisional Rent‐Seeking and Inefficient Investment (2000)The Dark Side of Internal Cap…The Cost of Diversity: The Diversification Discount and Inefficient Investment (2000)The Cost of Diversity: The Di…Internal Capital Markets and the Competition for Corporate Resources (1997)Internal Capital Markets and …Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Do Investment-Cash Flow Sensi…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…Performance Pay and Top-Management Incentives (1990)Performance Pay and Top-Manag…Management entrenchment (1989)Management entrenchmentCredit, Money, and Aggregate Demand (1988)Credit, Money, and Aggregate …Agency Costs, Net Worth, And Business Fluctuations (1988)Agency Costs, Net Worth, And …Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Risk Reduction as a Managerial Motive for Conglomerate Mergers (1981)Risk Reduction as a Manageria…Economies of scope and the scope of the enterprise (1980)Economies of scope and the sc…Corporate diversification, investment efficiency and the business cycle (2023)Corporate diversification, in…Can ESG mitigate the diversification discount in cross-border M&A? (2021)Can ESG mitigate the diversif…International diversification and corporate cash holding behavior: What happens during economic downturns? (2020)International diversification…An Introduction to Mergers, Acquisitions, and Other Restructuring Activities (2019)An Introduction to Mergers, A…Corporation Diversification and Firm Performance: Evidence from Vietnamese Listed Firms (2016)Corporation Diversification a…The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Problems and the Theory of the Firm (1980)Agency Theory: An Assessment and Review (1989)Managerial incentives and risk-taking☆ (2005)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)Moral Hazard and Observability (1979)Optimal contracts and competitive markets with costly state verification (1979)Theory ahead of business-cycle measurement (1986)Market Liquidity and Funding Liquidity (2008)Deciphering the Liquidity and Credit Crunch 2007–2008 (2009)Determinants of corporate borrowing (1977)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)Separation of Ownership and Control (1983)Corporate Governance and Equity Prices (2003)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Managing with Style: The Effect of Managers on Firm Policies (2003)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)The Nature of the Firm (1937)Financing Constraints and Corporate Investment (1987)The Cross-Section of Expected Stock Returns (1992)Enjoying the Quiet Life? Corporate Governance and Managerial Preferences (2003)Financing Constraints and Corporate Investment (1988)Common risk factors in the returns on stocks and bonds (1993)… and the Cross-Section of Expected Returns (2015)Policy Uncertainty and Corporate Investment (2015)Demand for green finance: Resolving financing constraints on green innovation in China (2021)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)
this work references cited by second hop

References

  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
  • 1990Performance Pay and Top-Management Incentives5,080 cited
  • 1988Agency Costs, Net Worth, And Business Fluctuations4,382 cited
  • 2006Financial Constraints Risk3,702 cited
  • 1995Diversification's effect on firm value3,069 cited
  • 1981Risk Reduction as a Managerial Motive for Conglomerate Mergers2,775 cited
  • 1994Tobin's q, Corporate Diversification, and Firm Performance2,437 cited
  • 1989Management entrenchment2,155 cited
  • 1997Internal Capital Markets and the Competition for Corporate Resources1,779 cited
  • 1980Economies of scope and the scope of the enterprise1,774 cited
  • 2000The Cost of Diversity: The Diversification Discount and Inefficient Investment1,684 cited
  • 2000The Dark Side of Internal Capital Markets: Divisional Rent‐Seeking and Inefficient Investment1,556 cited
  • 2010Costly external finance, corporate investment, and the subprime mortgage credit crisis1,473 cited

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  • 1988Credit, Money, and Aggregate Demand1,436 cited
  • Cited by

    • 2021Can ESG mitigate the diversification discount in cross-border M&A?49 cited
    • 2019An Introduction to Mergers, Acquisitions, and Other Restructuring Activities28 cited
    • 2023Corporate diversification, investment efficiency and the business cycle25 cited
    • 2016Corporation Diversification and Firm Performance: Evidence from Vietnamese Listed Firms23 cited
    • 2020International diversification and corporate cash holding behavior: What happens during economic downturns?22 cited