Citation map · Study

SZodixStudyAcademic Library

Shelves Open access

Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated

Why Firms Diversify: An Empirical Examination

16 references·16 citing·36 second hopsampled

FromToDepth

this work references cited by second hop· second hop is a sample of the most-cited connections

References

1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
1988Management ownership and market valuation6,910 cited
1992The investment opportunity set and corporate financing, dividend, and compensation policies3,591 cited
1980Measuring security price performance3,330 cited
1995Diversification's effect on firm value3,069 cited
1981Risk Reduction as a Managerial Motive for Conglomerate Mergers2,775 cited
1994A Simple Approximation of Tobin's q2,458 cited
1989Management entrenchment2,155 cited
1981Tobin's $q$ Ratio and Industrial Organization1,382 cited
1988Takeovers: Their Causes and Consequences1,325 cited
1997Agency Problems, Equity Ownership, and Corporate Diversification1,305 cited
1995Corporate focus and stock returns1,078 cited
1996The Value of Diversification During the Conglomerate Merger Wave878 cited
1995Asset sales and increase in focus730 cited
1994Internal versus External Capital Markets

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

664 cited

Cited by

2001Corporate Diversification, Value Maximization, and Organizational Capabilities359 cited
2010Can Banks in Emerging Economies Benefit from Revenue Diversification?286 cited
2010Firm structure and corporate cash holdings244 cited
2011Post-merger restructuring and the boundaries of the firm239 cited
2003Cross-Subsidies, External Financing Constraints, and the Contribution of the Internal Capital Market to Firm Value233 cited
2003Internal capital markets and investment policy: evidence from corporate spinoffs192 cited
2011Managerial ownership, diversification, and firm performance: Evidence from an emerging market179 cited
2005Corporate governance, shareholder rights and firm diversification: An empirical analysis167 cited
2001Explaining the Diversification Discount161 cited
2007Diversification and the cost of debt of bank holding companies151 cited
2013Capital structure, free cash flow, diversification and firm performance: A holistic analysis144 cited
2001Agency, Information and Corporate Investment139 cited
2003Divisional diversity and the conglomerate discount: evidence from spinoffs136 cited
2008An Investigation Into the Diversification–Performance Relationship in the U.S. Property–Liability Insurance Industry128 cited
2017Redirecting Research Efforts on the Diversification–Performance Linkage: The Search for Synergy127 cited
2008Does corporate international diversification destroy value? Evidence from cross-border mergers and acquisitions119 cited