Cocco, João F. (contributor); Mahrt-Smith, Jan (contributor) - 2001 - [Elektronische Ressource]
where the conglomerate operates.
JEL Classification: G30, G32
Keywords: Conglomerates, Internal Capital Markets, Return … Shocks, Conglomerate Dis-
count
1 Introduction
Does corporate diversification destroy value? Is a diversified firm anything …, and Sarin (1997), Gertner, Powers, and Scharfstein (2001)
andScharfstein(1998).
1
divisions, then a conglomerate’s stock …