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Contract Farming and Rural Transformation : Evidence from a Field Experiment in Benin

Arouna, Aminou - 2019

In recent decades contract farming has emerged as a popular mechanism to encourage vertical coordination in developing country agriculture. The goal of such coordination is to better integrate smallholder farmers into the modern agricultural food system, fostering rural transformation. We use...

Persistent link: https://www.econbiz.de/10012479616

Does Diversification Destroy Value? Evidence From Industry Shocks

Lamont, Owen - 2000

Does corporate diversification reduce shareholder value? Since firms endogenously choose to diversify, exogenous … variation in diversification is necessary in order to draw inferences about the causal effect. We examine changes in the within … investment, are negatively related to firm value. Thus diversification destroys value, consistent with the inefficient internal …

Persistent link: https://www.econbiz.de/10012470947

The Diversification Discount : Cash Flows vs. Returns

Lamont, Owen - 1999

Diversified firms have different values than comparable portfolios of single-segment firms. These value differences must be due to differences in either future cash flows or future returns. Expected security returns on diversified firms vary systematically with relative value. Discount firms...

Persistent link: https://www.econbiz.de/10012471389

Corporate Focusing and Internal Capital Markets

Schlingemann, Frederik P. - 1999

A sample of firms that focus by divesting at least one segment allows us to investigate the characteristics of segments divested as well as the nature of focusing firms. We find that firms are more likely to divest segments unrelated to the core activities of the firm and that the probability...

Persistent link: https://www.econbiz.de/10012471612

Global Diversification, Growth and Welfare with Imperfectly Integrated Markets for Goods

Dumas, Bernard - 1999

In this article, we examine the effect of the imperfect mobility of goods on international risk sharing and, through that, on the investment in risky projects, welfare and growth. We find that the welfare gain of financial market openness is not monotonic with respect to investors' risk aversion...

Persistent link: https://www.econbiz.de/10012471806

Incentives for Diversification and the Structure of the Conglomerate Firm

Marshall, William J. - 1984

firm-level diversification …

Persistent link: https://www.econbiz.de/10012477816

Currency Diversification and Export Competitiveness : A Model of the "Egyptian Disease"

de Macedo, Jorge Braga - 1981

experience of real exchange rate appreciation and currency diversification following the increase in oil exports and the partial …

Persistent link: https://www.econbiz.de/10012478337

Deregulation, Savings and Loan Diversification, and the Flow of Housing Finance

Kane, Edward J. - 1981

This paper assesses the probable impact on S&Ls' profitability and participation in mortgage markets of The Depository Institutions Deregulation and Monetary Control Act of 1980. It tracks inflation-induced secular declines in the value of S&L mortgage holdings between 1965 and 1979 and...

Persistent link: https://www.econbiz.de/10012478481

Product Innovation, Product Diversification, and Firm Growth : Evidence from Japan’s Early Industrialization

Braguinsky, Serguey - 2020

empirical framework allows for separate treatment of product innovation (vertical differentiation) and diversification …

Persistent link: https://www.econbiz.de/10012479189

Naïve *Buying* Diversification and Narrow Framing by Individual Investors

Gathergood, John - 2019

portfolio diversification--NPD) or engage in naïve buying diversification (NBD)--equally balancing values in same-day purchases …

Persistent link: https://www.econbiz.de/10012479521