Anderson, Randy I.; Stowe, John D.; Xing, Xuejing - In: Review of Pacific Basin Financial Markets and Policies … 14 (2011) 03, pp. 485-504
The main purpose of this paper is to investigate empirically whether corporate diversification reduces the risk of the diversifying firm. We investigate this issue using a sample of diversifying acquisitions and various risk measures. We find that corporate diversification tends to decrease the...