Nguyen, Duc Khuong; Mensi, Walid; Boubaker, Adel - In: Economics Bulletin 7 (2008) 3, pp. 1-7
This paper examines the impact of corporate diversification and firm size on the value creation over the 1997-2005 period for twenty-five non-banking firms listed on Tunis Stock Exchange. Our results confirm previous studies in that shares of diversified firms sell at a discount. Moreover, value...