Agarwal, Sumit; Chiu, I-Ming; Souphom, Victor; … - In: The Quarterly Review of Economics and Finance 51 (2011) 2, pp. 162-172
Does firm diversity result in an efficient or inefficient allocation of capital? Are diversified firms "value creating" or "value destroying"? We apply a panel data model to examine the relationship between firm diversity and firm value using both COMPUSTAT and the Annual Capital Expenditure...