Diversification: A Value-Creating or Value-Destroying Strategy? Evidence from the Eurozone Countries

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Gálvan Antonio ; Pindado Julio ; De La Torre Chabela (2014)
  • Journal: Journal of Financial Management, Markets and Institutions, issue 1 7, pages 43-64
  • Related identifiers: doi: 10.12831/77236
  • Subject: 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... View more
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