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Diversified firms often trade at a discount with respect to their focused counterparts. The literature has tried to explain the apparent misallocation of resources with lobbying activities or power struggles. We show that diversification can destroy value even when resources are efficiently...
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-08, thus underlining the relevance of financing and credit conditions to investment and economic activity in turbulent times …
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credit supply shock to parent firms in Germany. International affiliates outside Germany supported their parents through … transmitted the credit shock more strongly than a non-financial shock, and that access to developed credit markets attenuated the …
Persistent link: https://www.econbiz.de/10014247983
credit supply shock to parent firms in Germany. International affiliates outside Germany supported their parents through … transmitted the credit shock more strongly than a non-financial shock, and that access to developed credit markets attenuated the …
Persistent link: https://www.econbiz.de/10014358874
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This study examines the impact of capital structure, working capital, and governance quality on the financial performance of small- and medium-sized enterprises in Taiwan using a sample of more than 2000 firms from the Taiwan Economic Journal (TEJ) during the 24-year period of 1995-2018. Panel...
Persistent link: https://www.econbiz.de/10012626975