Diversification: A Value-Creating or Value-Destroying Strategy? Evidence from the Eurozone Countries
De La Torre Chabela
Journal of Financial Management, Markets and Institutions,
Eurozone; Excess Value; Product Diversification; Relatedness.
In this paper, we provide evidence on how diversification strategy impacts on excess value in a sample of Eurozone firms by using the data panel methodology. Specifically, we study the effect of the levels and types of the product diversification on the premium or disco...