IDEAS home Printed from https://ideas.repec.org/a/bla/jbfnac/v21y1994i3p349-365.html

The Effect Of The Implementation Of The Multidivisional Structure On Shareholder'S Wealth: The Contingency Of Diversification Strategy

Author

Listed:
  • Philip Karpik
  • Ahmed Riahi‐Belkaoui

Abstract

This paper presents evidence on the price effect of US firms announcing the implementation of a multidivisional management structure (M‐form) and whether these effects are contingent on the existing diversification strategy (either unrelated, related, or vertical integration). Differnt patterns of excess returns and systematic risk (beta) changes are associated with different diversification strategies.

Suggested Citation

  • Philip Karpik & Ahmed Riahi‐Belkaoui, 1994. "The Effect Of The Implementation Of The Multidivisional Structure On Shareholder'S Wealth: The Contingency Of Diversification Strategy," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 21(3), pages 349-365, April.
    • Handle: RePEc:bla:jbfnac:v:21:y:1994:i:3:p:349-365
    DOI: 10.1111/j.1468-5957.1994.tb00324.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1468-5957.1994.tb00324.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1468-5957.1994.tb00324.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jbfnac:v:21:y:1994:i:3:p:349-365. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0306-686X .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.