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Conglomerates on the rise again? : a cross-regional study on the impact of the 2008 - 2009 financial crisis on the diversification discount

Rudolph, Christin; Schwetzler, Bernhard - In: The journal of corporate finance : contracting, … 22 (2013), pp. 153-165

Persistent link: https://www.econbiz.de/10010126205

Mountain or molehill? : downward biases in the conglomerate discount measure

Rudolph, Christin; Schwetzler, Bernhard - In: Journal of banking & finance 40 (2014), pp. 420-430

Persistent link: https://www.econbiz.de/10010403688

Conglomerates on the rise again? A cross-regional study on the impact of the 2008–2009 financial crisis on the diversification discount

Rudolph, Christin; Schwetzler, Bernhard - In: The journal of corporate finance : contracting, … 22 (2013), pp. 153-165

Persistent link: https://www.econbiz.de/10010166300

Mountain or Molehill? Downward Biases in the Conglomerate Discount Measure

Rudolph, Christin; Schwetzler, Bernhard - 2014

The Berger and Ofek (1995) excess value measure, comparing a conglomerate's actual market value to an imputed value based on standalones, has become the standard method to determine value effects of diversification. In this paper, we address a significant bias in this procedure stemming from the...

Persistent link: https://www.econbiz.de/10014176820

Mountain or molehill? Downward biases in the conglomerate discount measure

Rudolph, Christin; Schwetzler, Bernhard - In: Journal of Banking & Finance 40 (2014) C, pp. 420-431

The Berger and Ofek (1995) excess value measure, comparing a conglomerate’s actual market value to an imputed value based on standalones, has become the standard method to determine value effects of diversification. In this paper, we address a significant bias in this procedure stemming from...

Persistent link: https://www.econbiz.de/10010738305