examines the impact of coordination costs on firms’ diversification strategies. A synergistic view of diversification suggests … effects of synergies and coordination costs, and offers a unique explanation for the limit to related diversification. Study …

informational rents. Therefore, asymmetric information pushes the manufacturer away from diversification and towards sole …-sourcing. Surprisingly, the additional cost that asymmetric information imposes on diversification may cause the manufacturer to cease … information. Despite these trends away from diversification, the value of the dual-sourcing option should not be underestimated …

constraints. An important function of the stock market is the diversification of risk that comes with specialized, productive …

liquidity on the dispersion and mean of industry productivity distributions, as well as on industry concentration measures using … associated with a decline in industry concentration measures. This is consistent with predictions from the standard industry … alternative measures of dispersion and concentration, and alternative methods of estimating total factor productivity. …

In this paper we re-examine empirically the Structure-Conduct-Performance relationship between concentration and … concentration does increase profitability, but only in geographically dispersed industries, suggesting that regional markets are an …