Choe, Chongwoo; Dey, Tania; Mishra, Vinod - In: Australian Journal of Management 39 (2014) 3, pp. 395-414
We estimate the effect of corporate diversification on firm value using a sample of 766 segment-year observations during 2004–2008 for firms listed on the Australian Stock Exchange as of August 2009. In addition to conventionally used measures of diversification, we develop five new...