An Empirical Test of Optimal Diversification Theories
Corporate diversification as a corporate strategy has produced inconsistent results for both acquirer and target firms. In the following paper, I study announcement returns from 1,291 diversifying mergers spanning a time period of 57 years from 1950 to 2006 in order to determine what firm and deal c...
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| Format: | Others |
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Scholarship @ Claremont
2018
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| Online Access: | http://scholarship.claremont.edu/cmc_theses/1902 http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=2988&context=cmc_theses |