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The Cost of Diversity: The Diversification Discount and Inefficient Investment
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The Cost of Diversity: The Diversification Discount and Inefficient Investment (1998)The Cost of Diversity: The Diversificatio…Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness? (2016)Slowdown in Emerging Markets:…Multinational Banking in Europe: Financial Stability and Regulatory Implications - Lessons from the Financial Crisis (2011)Multinational Banking in Euro…Investment Opportunities, Liquidity Premium, and Conglomerate Mergers (2004)Investment Opportunities, Liq…Is the investment of Korean conglomerates inefficient (2001)Is the investment of Korean c…Does Firm-Specific Information in Stock Prices Guide Capital Allocation? (2001)Does Firm-Specific Informatio…Capital Allocation in Financial Firms (2001)Capital Allocation in Financi…Diversification and Efficiency of Investment by East Asian Corporations (1998)Diversification and Efficienc…Corporate Structure and Equity Offerings: Are There Benefits to Diversification? (1998)Corporate Structure and Equit…Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Corporate focus versus diversification: the role of growth opportunities and cashflow (2002)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Management ownership and market valuation (1988)Legal Determinants of External Finance (1997)Relationship of Planning and Control Systems with Strategic Choices: A Closer Look (2001)Corporate diversification, vertical integration, and internal capital markets: A cross-country study (2007)The association between internal governance mechanisms and corporate value: Evidence from bahrain (2012)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Agency costs of free cash flow, corporate finance, and takeovers (1996)THE EFFECTS OF BANK CONSOLIDATION ON RISK CAPITAL ALLOCATION AND MARKET LIQUIDITY (2006)Activity-based diversification, corporate governance, and the market valuation of commercial banks in the Gulf Commercial Council (2007)Capital Allocation for Insurance Companies — What Good IS IT ? (2007)Internal Capital Markets and the Competition for Corporate Resources (1997)Information Production and Capital Allocation: Decentralized versus Hierarchical Firms (2002)Systemic Risks in Global Banking (2011)Banks' Foreign Credit Exposures and Borrowers' Rollover Risks Measurement, Evolution and Determinants (2013)Corporate governance and intra-group transactions in european bank holding companies during the crisis (2013)Financing Constraints and Corporate Investment (1987)Diversification's effect on firm value (1995)Capital-Market Imperfections and Investment (1997)Economic Growth in a Cross Section of Countries (1991)Finance and Growth: Schumpeter Might Be Right (1993)Small and medium-size enterprises: Access to finance as a growth constraint (2006)The Age of Anxiety: The Crisis of Liberal Democracy in a Post-Hegemonic Global Order (2017)Bank Runs, Deposit Insurance, and Liquidity (1983)Continuous Auctions and Insider Trading (1985)Corporate Diversification, Asymmetric Information, and Firm Value: Evidence from Stock Market Trading Characteristics (2000)Capital structure and cost of capital when prices affect real investments (2020)Noise Trader Risk in Financial Markets (1990)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)
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Cited by

  • 2001Capital Allocation in Financial Firms54 cited
  • 2011Multinational Banking in Europe: Financial Stability and Regulatory Implications - Lessons from the Financial Crisis45 cited
  • 1998Diversification and Efficiency of Investment by East Asian Corporations39 cited
  • 1998Corporate Structure and Equity Offerings: Are There Benefits to Diversification?33 cited
  • 2016Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?31 cited
  • 2004Investment Opportunities, Liquidity Premium, and Conglomerate Mergers24 cited
  • 2001Does Firm-Specific Information in Stock Prices Guide Capital Allocation?22 cited
  • 2001Is the investment of Korean conglomerates inefficient20 cited

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