Jara-Bertin, Mauricio; López Iturriaga, Felix J.; … - In: BRQ Business Research Quarterly 18 (2015) 4, pp. 259-274
We analyze the effect of two types of corporate diversification (business diversification and ownership diversification) on the market value of the Chilean firms. For a sample of 83 nonfinancial firms listed on the Santiago Stock Market from 2005 to 2013, we find a discount for both business and...