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valuations. We find that there is a diversification discount: The marketvalues financial conglomerates that engage in multiple … indicate that economies of scope arenot sufficiently large to produce a diversification premium …
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influences their market valuations. We find that there is a diversification discount: The market …not sufficiently large to produce a diversification premium …
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choices. Yet despite its importance and prominence within academic research, diversification remains subject to ongoing debate …. Matthias Knecht introduces a new perspective on corporate diversification that extends the academic discussion and reveals … dynamic-related diversification strategies. The results provide new insights into successful corporate portfolio construction …
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