zukünftige Forschungsaktivitäten. -- Unternehmensstrategie ; Diversifikation ; Planung ; Portfolio ; Überblick … of multi-business portfolios. Although there is lots of work on diversification and mergers and acquisitions, corporate … contempt - the reasonable suspicion of economic inferiority of firm diversification and the possible inappropriateness of CPM …

Diversification and the equity ratio is studied. Banks report - after controlling for counterfactual observable correlation - a higher … diversification and thereby a lower VaR if equity is scarce. I exploit a discontinuity in the expected benefit of under …-reporting. Overall, this paper suggests that banks actively use the diversification component in their VaR models to manage the reported …