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The Economic Impact of Corporate Capital Expenditures: Focused Firms versus Diversified Firms
16 references·3 citing·31 second hop
The Economic Impact of Corporate Capital Expenditures: Focused Firms versus Diversified Firms (2006)The Economic Impact of Corporate Capital …Explaining the Diversification Discount (2002)Explaining the Diversificatio…The 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…The Operating Performance of Firms Conducting Seasoned Equity Offerings (1997)The Operating Performance of …Internal Capital Markets and the Competition for Corporate Resources (1997)Internal Capital Markets and …Cash Flow and Investment: Evidence from Internal Capital Markets (1997)Cash Flow and Investment: Evi…Agency Problems, Equity Ownership, and Corporate Diversification (1997)Agency Problems, Equity Owner…Detecting abnormal operating performance: The empirical power and specification of test statistics (1996)Detecting abnormal operating …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…Managerial discretion and optimal financing policies (1990)Managerial discretion and opt…Does Corporate Performance Improve After Mergers? (1990)Does Corporate Performance Im…Additional evidence on equity ownership and corporate value (1990)Additional evidence on equity…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Determinants of corporate borrowing (1977)Determinants of corporate bor…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…Stewardship, institutional investors monitoring, and firm value: Evidence from the United Kingdom (2022)Stewardship, institutional in…Relational capital disclosure, corporate reporting and company performance (2016)Relational capital disclosure…Institutional Ownership and Corporate Investment Performance (2012)Institutional Ownership and C…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Higher market valuation of companies with a small board of directors (1996)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Dividend Policy, Growth, and the Valuation of Shares (1961)The Capital Structure Puzzle (1984)Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms (1988)Firm Performance and Mechanisms to Control Agency Problems between Managers and Shareholders (1996)New Evidence and Perspectives on Mergers (2001)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)A Survey of Corporate Governance (1997)The theory and practice of corporate finance: evidence from the field (2001)Liquidity and leverage (2008)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)Corporate financing and investment decisions when firms have information that investors do not have (1984)Firms, Contracts, and Financial Structure (1995)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)Separation of Ownership and Control (1983)Law and Finance (1998)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, Return, and Equilibrium: Empirical Tests (1973)A cross-firm analysis of the impact of corporate governance on the East Asian financial crisis (2002)Information Production and Capital Allocation: Decentralized versus Hierarchical Firms (2002)Financial and Legal Constraints to Growth: Does Firm Size Matter? (2005)Investor Protection and Corporate Valuation (2002)Digital Business Strategy: Toward a Next Generation of Insights (2013)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 1990Additional evidence on equity ownership and corporate value4,311 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
  • 1997Internal Capital Markets and the Competition for Corporate Resources1,779 cited
  • 2000The Cost of Diversity: The Diversification Discount and Inefficient Investment1,684 cited
  • 1990Does Corporate Performance Improve After Mergers?1,662 cited
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  • 2000The Dark Side of Internal Capital Markets: Divisional Rent‐Seeking and Inefficient Investment1,556 cited
  • 2002Explaining the Diversification Discount1,372 cited
  • 1997Agency Problems, Equity Ownership, and Corporate Diversification1,305 cited
  • 1997Cash Flow and Investment: Evidence from Internal Capital Markets

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1,143 cited
  • 1997The Operating Performance of Firms Conducting Seasoned Equity Offerings1,098 cited
  • Cited by

    • 2016Relational capital disclosure, corporate reporting and company performance55 cited
    • 2022Stewardship, institutional investors monitoring, and firm value: Evidence from the United Kingdom27 cited
    • 2012Institutional Ownership and Corporate Investment Performance20 cited