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Corporate diversification and shareholder value: a survey of recent literature
16 references·16 citing·29 second hopsampled
Corporate diversification and shareholder value: a survey of recent literature (2003)Corporate diversification and shareholder…Internal Capital Markets and the Competition for Corporate Resources (1997)Internal Capital Markets and …Detecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Detecting long-run abnormal s…The Theory of the Growth of the Firm (1995)The Theory of the Growth of t…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 Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)The Modern Industrial Revolut…Performance Pay and Top-Management Incentives (1990)Performance Pay and Top-Manag…Management entrenchment (1989)Management entrenchmentFrom Competitive Advantage to Corporate Strategy (1989)From Competitive Advantage to…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…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Markets and Hierarchies: Anal…Strategy, structure, and economic performance (1975)Strategy, structure, and econ…Strategy, structure, and economic performance (1974)Strategy, structure, and econ…International Corporations: The Industrial Economics of Foreign Investment (1971)International Corporations: T…Multinationality and the value of green innovation (2021)Multinationality and the valu…Twenty-five years of the Journal of Corporate Finance: A scientometric analysis (2020)Twenty-five years of the Jour…Technology Conglomeration, Strategic Alliances, and Corporate Innovation (2019)Technology Conglomeration, St…Does Diversification Create Value in the Presence of External Financing Constraints? Evidence from the 2007–2009 Financial Crisis (2015)Does Diversification Create V…Determinants of Corporate Diversification: Evidence From the Property–Liability Insurance Industry (2011)Determinants of Corporate Div…Board Task‐related Faultlines and Firm Performance: A Decade of Evidence (2011)Board Task‐related Faultlines…Resource-Based Theory and Corporate Diversification (2010)Resource-Based Theory and Cor…Does Diversification Create Value in the Presence of External Financing Constraints? Evidence from the 2008–2009 Financial Crisis (2010)Does Diversification Create V…Family ownership and acquisition behavior in publicly‐traded companies (2009)Family ownership and acquisit…Diversification and Firm Performance: Exploring the Moderating Effects of Information Technology Spending (2009)Diversification and Firm Perf…Effects of Corporate Diversification: Evidence From the Property–Liability Insurance Industry (2008)Effects of Corporate Diversif…Competition from Specialized Firms and the Diversification–Performance Linkage (2008)Competition from Specialized …CEO duality leadership and corporate diversification behavior (2008)CEO duality leadership and co…Financial Synergies and the Optimal Scope of the Firm: Implications for Mergers, Spinoffs, and Structured Finance (2007)Financial Synergies and the O…CEO overconfidence, CEO dominance and corporate acquisitions (2007)CEO overconfidence, CEO domin…Business Groups in Emerging Markets: Paragons or Parasites? (2005)Business Groups in Emerging M…The Pricing of Options and Corporate Liabilities (1973)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)Determinants of corporate borrowing (1977)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)Using daily stock returns (1985)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Capital markets research in accounting (2001)Introductory Econometrics for Finance (2008)The Nature of the Firm (1937)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Corporate financing and investment decisions when firms have information that investors do not have (1984)Law and Finance (1998)Financing Constraints and Corporate Investment (1987)A Survey of Corporate Governance (1997)Enjoying the Quiet Life? Corporate Governance and Managerial Preferences (2003)Agency costs of free cash flow, corporate finance, and takeovers (1996)Corporate governance, chief executive officer compensation, and firm performance (1999)Separation of Ownership and Control (1983)The Commitment-Trust Theory of Relationship Marketing (1994)Dynamic capabilities and strategic management (1997)Firm resources and sustained competitive advantage (2004)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
  • 1995The Theory of the Growth of the Firm13,774 cited
  • 1976Markets and Hierarchies: Analysis and Antitrust Implications.13,381 cited
  • 1993The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems8,544 cited
  • 1990Performance Pay and Top-Management Incentives5,080 cited
  • 1995Diversification's effect on firm value3,069 cited
  • 1981Risk Reduction as a Managerial Motive for Conglomerate Mergers2,775 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,690 cited
  • 1994Tobin's q, Corporate Diversification, and Firm Performance2,437 cited
  • 1974Strategy, structure, and economic performance2,370 cited
  • 1971International Corporations: The Industrial Economics of Foreign Investment2,236 cited
  • 1989From Competitive Advantage to Corporate Strategy2,170 cited
  • 1989Management entrenchment2,155 cited
  • 1975Strategy, structure, and economic performance1,986 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

  • 1997Internal Capital Markets and the Competition for Corporate Resources1,779 cited
  • Cited by

    • 2009Family ownership and acquisition behavior in publicly‐traded companies392 cited
    • 2015Does Diversification Create Value in the Presence of External Financing Constraints? Evidence from the 2007–2009 Financial Crisis348 cited
    • 2007CEO overconfidence, CEO dominance and corporate acquisitions308 cited
    • 2007Financial Synergies and the Optimal Scope of the Firm: Implications for Mergers, Spinoffs, and Structured Finance276 cited
    • 2010Resource-Based Theory and Corporate Diversification263 cited
    • 2005Business Groups in Emerging Markets: Paragons or Parasites?256 cited
    • 2008CEO duality leadership and corporate diversification behavior188 cited
    • 2008Competition from Specialized Firms and the Diversification–Performance Linkage185 cited
    • 2020Twenty-five years of the Journal of Corporate Finance: A scientometric analysis161 cited
    • 2011Determinants of Corporate Diversification: Evidence From the Property–Liability Insurance Industry153 cited
    • 2011Board Task‐related Faultlines and Firm Performance: A Decade of Evidence150 cited
    • 2008Effects of Corporate Diversification: Evidence From the Property–Liability Insurance Industry149 cited
    • 2009Diversification and Firm Performance: Exploring the Moderating Effects of Information Technology Spending148 cited
    • 2021Multinationality and the value of green innovation145 cited
    • 2019Technology Conglomeration, Strategic Alliances, and Corporate Innovation138 cited
    • 2010Does Diversification Create Value in the Presence of External Financing Constraints? Evidence from the 2008–2009 Financial Crisis136 cited