pure conglomerate. It establishes that the answer depends critically on the volatility of corporate assets. If volatility … conclusions of empirical studies that delve into the existence of a conglomerate discount. …

valuations. We find that there is a diversification discount: The marketvalues financial conglomerates that engage in multiple … indicate that economies of scope arenot sufficiently large to produce a diversification premium …

influences their market valuations. We find that there is a diversification discount: The market …not sufficiently large to produce a diversification premium …

crisis by evaluating the potential benefits of international diversification in the search for ‘safe havens’. We use stock … Colombia we speculate that this reveals the impact on world financial markets of the demand for cocaine. …

frontier markets in global equity portfolio diversification is clearly less examined. We contribute to the existing literature …

diversification strategies. The results show that financial integration essentially goes through the effect of the world market … international financial integration and on the expected gains of international diversification strategies. The sample consists of 4 … developed markets in addition of the world market portfolio. The study period lasts between January 1988 and December 2015. This …

We classify a large sample of banks according to the geographic diversification of their international syndicated loan … source of funding, while foreign banks with little diversification are the most fickle. Our findings suggest that the decline …

We classify a large sample of banks according to the geographic diversification of their international syndicated loan … source of funding, while foreign banks with little diversification are the most fickle. Our findings suggest that the decline …

This paper aims at assessing the resilience-enhancing characteristic of economic diversification. The analyses … performed consist in comparing the output losses and recovery paces of countries of different income and exports diversification … instrumental variable local projections (IV-LP). The results tend to plead in favor of diversification as it appears to foster the …