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Corporate focus versus diversification: the role of growth opportunities and cashflow

  • Ferris, Stephen P.
  • Sen, Nilanjan
  • Lim, Chee Yeow
  • Yeo, Gillian H. H.
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    File URL: http://www.sciencedirect.com/science/article/B6VGT-45BHMGB-2/2/96012119d59674ab75510a066b8ac246
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    Article provided by Elsevier in its journal Journal of International Financial Markets, Institutions and Money.

    Volume (Year): 12 (2002)
    Issue (Month): 3 (July)
    Pages: 231-252

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    Handle: RePEc:eee:intfin:v:12:y:2002:i:3:p:231-252
    Contact details of provider: Web page: http://www.elsevier.com/locate/intfin

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    22. Desai, Hemang & Jain, Prem C., 1999. "Firm performance and focus: long-run stock market performance following spinoffs," Journal of Financial Economics, Elsevier, vol. 54(1), pages 75-101, October.
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    27. Owen Lamont, 1996. "Cash Flow and Investment: Evidence from Internal Capital Markets," NBER Working Papers 5499, National Bureau of Economic Research, Inc.
    28. Jensen, Michael C, 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, American Economic Association, vol. 76(2), pages 323-29, May.
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    37. Morck, Randall & Shleifer, Andrei & Vishny, Robert W., 1988. "Management ownership and market valuation : An empirical analysis," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 293-315, January.
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