Liebenberg, Ivonne A.; Lin, Zhilu - In: Journal of risk and financial management : JRFM 12 (2019) 2/82, pp. 1-26
The effect of corporate diversification on firm performance has been extensively documented in the literature. In the general finance literature, Kuppuswamy and Villalonga (2015) studied the diversification effect during the 2007-2009 financial crisis and found that diversification adds value in...