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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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Kapitalmärkte im Umbruch. Jetzt sind innovative Ideen bei der Kapitalbeschaffung gefragt! Herausragende Vertreter aus Unternehmen und Wissenschaft diskutieren alternative Finanzierungsformen wie Mezzanine Capital, Verbriefung von Forderungen, Credit Default Swaps und ein optimales...
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