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Excess value and restructurings by diversified firms
16 references·0 citing·32 second hop
Excess value and restructurings by diversified firms (2016)Excess value and restructurings by divers…Stock market driven acquisitions (2003)Stock market driven acquisiti…Powerful CEOs and Their Impact on Corporate Performance (2003)Powerful CEOs and Their Impac…Corporate Governance and Equity Prices (2003)Corporate Governance and Equi…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…Internal Capital Markets and the Competition for Corporate Resources (1997)Internal Capital Markets and …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…Do Managerial Objectives Drive Bad Acquisitions? (1990)Do Managerial Objectives Driv…Management entrenchment (1989)Management entrenchmentAgency 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…Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Markets and Hierarchies: Anal…The Nature of the Firm (1937)The Nature of the FirmThe 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)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)A Survey of Corporate Governance (1997)Financing Constraints and Corporate Investment (1987)The Cross-Section of Expected Stock Returns (1992)Enjoying the Quiet Life? Corporate Governance and Managerial Preferences (2003)The Hubris Hypothesis of Corporate Takeovers (1986)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Corporate financing and investment decisions when firms have information that investors do not have (1984)Common risk factors in the returns on stocks and bonds (1993)What Do Returns to Acquiring Firms Tell Us? Evidence from Firms That Make Many Acquisitions (2002)Firm size and the gains from acquisitions (2004)Risk, Return, and Equilibrium: Empirical Tests (1973)On Persistence in Mutual Fund Performance (1997)How do family ownership, control and management affect firm value? (2005)How does financial reporting quality relate to investment efficiency? (2009)The Impact of Corporate Sustainability on Organizational Processes and Performance (2014)The Commitment-Trust Theory of Relationship Marketing (1994)An Integrative Model Of Organizational Trust (1995)Toward a knowledge‐based theory of the firm (1996)Dynamic capabilities and strategic management (1997)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)
this work references cited by second hop

References

  • 1937The Nature of the Firm25,519 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1976Markets and Hierarchies: Analysis and Antitrust Implications.13,469 cited
  • 2003Corporate Governance and Equity Prices6,115 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
  • 2003Stock market driven acquisitions2,093 cited
  • 1990Do Managerial Objectives Drive Bad Acquisitions?1,912 cited
  • 1980Economies of scope and the scope of the enterprise1,787 cited
  • 1997Internal Capital Markets and the Competition for Corporate Resources1,779 cited
  • 2000The Cost of Diversity: The Diversification Discount and Inefficient Investment1,684 cited
  • 2003Powerful CEOs and Their Impact on Corporate Performance1,669 cited
  • 2000The Dark Side of Internal Capital Markets: Divisional Rent‐Seeking and Inefficient Investment1,556 cited
  • 2002

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Explaining the Diversification Discount
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