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unable for institutional reasons to diversify their loan risks either within agriculture or across other geographically …
Persistent link: https://www.econbiz.de/10012476985
) emissions from agriculture. In a step towards a full evaluation of the impacts, it uses a counterfactual global model scenario … that currently tax agriculture have high emission intensities. Policies that directly reduce emission intensities yield …
Persistent link: https://www.econbiz.de/10012481785
This paper analyzes the short-run trade effects of retaliatory tariffs against agriculture and food exports from the … United States. The results indicate that these tariffs caused a substantial decline in U.S. agriculture and food exports and …
Persistent link: https://www.econbiz.de/10012481730
agrarian economies are leapfrogging the manufacturing sector to directly develop their agriculture and services sectors through …
Persistent link: https://www.econbiz.de/10012616641
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
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
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
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
firm-level diversification …
Persistent link: https://www.econbiz.de/10012477816
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