The Diversification Discount: Cash Flows Versus Returns
- 1 October 2001
- journal article
- Published by Wiley in The Journal of Finance
- Vol. 56 (5), 1693-1721
- https://doi.org/10.1111/0022-1082.00386
Abstract
No abstract availableKeywords
Other Versions
This publication has 32 references indexed in Scilit:
- The Dark Side of Internal Capital Markets: Divisional Rent‐Seeking and Inefficient InvestmentThe Journal of Finance, 2000
- Characteristics, Covariances, and Average Returns: 1929 to 1997The Journal of Finance, 2000
- The Cost of Diversity: The Diversification Discount and Inefficient InvestmentThe Journal of Finance, 2000
- The Cross Section of Expected Firm (not equity) ReturnsSSRN Electronic Journal, 2000
- What Drives Firm-Level Stock Returns?SSRN Electronic Journal, 1999
- Corporate Structure and Equity Offerings: Are There Benefits to Diversification?SSRN Electronic Journal, 1998
- Do Conglomerate Firms Allocate Resources Inefficiently?SSRN Electronic Journal, 1998
- Tobin's q, Corporate Diversification, and Firm PerformanceJournal of Political Economy, 1994
- Common risk factors in the returns on stocks and bondsJournal of Financial Economics, 1993
- Risk, Return, and Equilibrium: Empirical TestsJournal of Political Economy, 1973