Corporate diversification continues to be an important phenomenon in the modern business world. More than thirty years … of research on diversification suggests that the degree of relatedness among a firm's business units is a factor that can … affect firm performance, but the true effect of diversification relatedness on firm performance is still inconclusive. The …

that parimutuel insurance intrinsically leads to participants being underinsured due to basis risk. Although participants … will be underinsured, parimutuel insurance guarantees no underlying risk borne by the issuer. We also derive the equivalent … transaction costs of traditional insurance relative to HuRLOs. The actual transaction cost for traditional insurance is found to …

foreign stock of Ghanaian physicians had reduced by between 10 and 13 percent and attribute this directly to the effect of the …