Liebenberg, Ivonne A.; Lin, Zhilu - In: Journal of risk and financial management : JRFM 12 (2019) 2/82, pp. 1-26
The effect of corporate diversification on firm performance has been extensively documented in the literature. In the … general finance literature, Kuppuswamy and Villalonga (2015) studied the diversification effect during the 2007-2009 financial … crisis and found that diversification adds value in the presence of external financing constraints. Motivated by this finding …