IDEAS home Printed from https://ideas.repec.org/r/bla/jfinan/v25y1970i4p795-802.html

Diversification, Portfolio Analysis and the Uneasy Case for Conglomerate Mergers

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as


Cited by:

  1. Guerras-Martín, Luis Ángel & Ronda-Pupo, Guillermo Armando & Zúñiga-Vicente, José Ángel & Benito-Osorio, Diana, 2020. "Half a century of research on corporate diversification: A new comprehensive framework," Journal of Business Research, Elsevier, vol. 114(C), pages 124-141.
  2. Zhang, Eden Quxian, 2022. "Why are distressed firms acquisitive?," Journal of Corporate Finance, Elsevier, vol. 72(C).
  3. Francine Roure & Alain Butery, 1982. "Droite de marché des titres et performances des sociétés holdings pures françaises," Revue Économique, Programme National Persée, vol. 33(3), pages 497-540.
  4. Chen, Dong, 2012. "Classified boards, the cost of debt, and firm performance," Journal of Banking & Finance, Elsevier, vol. 36(12), pages 3346-3365.
  5. Robert Lensink & Iryna Maslennikova, 2007. "Value performance of European bank acquisitions," Applied Financial Economics, Taylor & Francis Journals, vol. 18(3), pages 185-198.
  6. Imtiaz Arif, Ather Iqbal, Syed Farasat Ali, Amna Sohail, 2017. "International Stock Market Diversification among BRICS-P: A Cointegration Analysis," Journal of Management Sciences, Geist Science, Iqra University, Faculty of Business Administration, vol. 4(2), pages 269-285, October.
  7. Ayşe Yüce, 2016. "Mergers and Acquisitions by Emerging Country Multinational Companies," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 6(7), pages 416-424, July.
  8. Sumit K. Majumdar & Rabih Moussawi & Ulku Yaylacicegi, 2018. "Capital Structure and Mergers: Retrospective Evidence from a Natural Experiment," Journal of Industry, Competition and Trade, Springer, vol. 18(4), pages 449-472, December.
  9. Boyan Jovanovic, 1993. "The Diversification of Production," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 24(1 Microec), pages 197-247.
  10. Viswanathan Nagarajan & Pitabas Mohanty & Apalak Khatua, 2023. "Financing effects of corporate diversification: A review," Review of Managerial Science, Springer, vol. 17(7), pages 2555-2585, October.
  11. Benjamin E. Hermalin and Michael L. Katz., 1994. "Corporate Diversification and Agency," Economics Working Papers 94-227, University of California at Berkeley.
  12. Luc Renneboog & Peter G. Szilagyi, 2008. "Corporate Restructuring and Bondholder Wealth," European Financial Management, European Financial Management Association, vol. 14(4), pages 792-819, September.
  13. Barbara Casu & Panagiotis Dontis†Charitos & Sotiris Staikouras & Jonathan Williams, 2016. "Diversification, Size and Risk: the Case of Bank Acquisitions of Nonbank Financial Firms," European Financial Management, European Financial Management Association, vol. 22(2), pages 235-275, March.
  14. Albert Banal-Estañol & Marco Ottaviani, 2009. "Conglomeration with bankruptcy costs: Separate or joint financing?," Economics Working Papers 1191, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 2010.
  15. Renneboog, L.D.R. & Szilagyi, P.G., 2006. "How do Mergers and Acquisitions Affect Bondholders in Europe? Evidence on the Impact and Spillover of Governance and Legal Standards," Other publications TiSEM 25af7145-7a86-4604-a6fd-4, Tilburg University, School of Economics and Management.
  16. Joseph P. Hughes & William W. Lang & Choon-Geol Moon & Michael S. Pagano, 1998. "Measuring the efficiency of capital allocation in commercial banking," Working Papers 98-2, Federal Reserve Bank of Philadelphia.
  17. Imbierowicz, Björn & Wahrenburg, Mark, 2013. "Wealth transfer effects between stockholders and bondholders," The Quarterly Review of Economics and Finance, Elsevier, vol. 53(1), pages 23-43.
  18. Chu, Yongqiang & Li, Zeguang, 2022. "Banking relationship, information reusability, and acquisition loans," Journal of Banking & Finance, Elsevier, vol. 138(C).
  19. M. Pilar Socorro, 2004. "Mergers and the limited liability effect," Documentos de trabajo conjunto ULL-ULPGC 2004-11, Facultad de Ciencias Económicas de la ULPGC.
  20. Alex Holcomb & Paul Mason, 2021. "The Effect of Industry Restructuring on Peer Firms," JRFM, MDPI, vol. 14(5), pages 1-25, May.
  21. Maquieira, Carlos P. & Megginson, William L. & Nail, Lance, 1998. "Wealth creation versus wealth redistributions in pure stock-for-stock mergers," Journal of Financial Economics, Elsevier, vol. 48(1), pages 3-33, April.
  22. Wang, Kun Tracy & Wu, Yue & Sun, Aonan, 2021. "Acquisitions and the cost of debt: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 78(C).
  23. Cheng, Louis T.W. & Leung, T.Y., 2004. "A comparative analysis of the market-based and accounting-based performance of diversifying and non-diversifying acquisitions in Hong Kong," International Business Review, Elsevier, vol. 13(6), pages 763-789, December.
  24. Jieying Hong & Rui Zhang, 2023. "Manager‐specific shocks, financial constraints and conglomerate merger," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 56(1), pages 46-59, February.
  25. Mary Rose Cooney & Frank Finn & Angela Karl, 2004. "Australian Divestiture Activity: An Examination of Gains to Sell-Off Announcements," Australian Journal of Management, Australian School of Business, vol. 29(1_suppl), pages 135-151, June.
  26. Chen, Fan & Ramaya, Krishnan & Wu, Wei, 2020. "The wealth effects of merger and acquisition announcements on bondholders: New evidence from the over-the-counter market," Journal of Economics and Business, Elsevier, vol. 107(C).
  27. Jandik, Tomas & Makhija, Anil K., 2005. "The Impact of the Structure of Debt on Target Gains," Working Paper Series 2005-5, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
  28. Rebekka Burkholz & Matt V. Leduc & Antonios Garas & Frank Schweitzer, 2015. "Systemic risk in multiplex networks with asymmetric coupling and threshold feedback," Papers 1506.06664, arXiv.org.
  29. Manapol Ekkayokkaya & Phil Holmes & Krishna Paudyal, 2009. "The Euro and the Changing Face of European Banking: Evidence from Mergers and Acquisitions," European Financial Management, European Financial Management Association, vol. 15(2), pages 451-476, March.
  30. Akdoğu, Evrim & Alp, Aysun, 2016. "Credit risk and governance: Evidence from credit default swap spreads," Finance Research Letters, Elsevier, vol. 17(C), pages 211-217.
  31. Robert S. Harris, 1976. "Corporate Investment Rules in a Capital Asset Pricing Model," The American Economist, Sage Publications, vol. 20(1), pages 37-43, March.
  32. de Jong, Abe & Roosenboom, Peter & Schramade, Willem, 2009. "Who benefits from bond tender offers in Europe?," Journal of Multinational Financial Management, Elsevier, vol. 19(5), pages 355-369, December.
  33. Huong N. Higgins, 2018. "Banks and Corporate Decisions: Evidence from Business Groups," Financial Management, Financial Management Association International, vol. 47(3), pages 679-713, September.
  34. Oesterle, Michael-Jörg & Richta, Hannah Noriko & Fisch, Jan Hendrik, 2013. "The influence of ownership structure on internationalization," International Business Review, Elsevier, vol. 22(1), pages 187-201.
  35. Schön, Benjamin & Pyka, Andreas, 2013. "The success factors of technology-sourcing through mergers & acquisitions: An intuitive meta-analysis," FZID Discussion Papers 78-2013, University of Hohenheim, Center for Research on Innovation and Services (FZID).
  36. Albert Banal‐Estañol & Marco Ottaviani, 2006. "Mergers with Product Market Risk," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 15(3), pages 577-608, September.
  37. Brooks, Chris & Chen, Zhong & Zeng, Yeqin, 2018. "Institutional cross-ownership and corporate strategy: The case of mergers and acquisitions," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 187-216.
  38. Kamarulzaman, Fadzilah, 2017. "The Role Of Corporate Governance And Its Impact On Risk And Firm Performance Of Real Estate Industry: Pavilion Reit," MPRA Paper 78396, University Library of Munich, Germany.
  39. Saad Alnahedh & Bader Alhashel, 2021. "Political ideology in M&A," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(9-10), pages 1711-1746, October.
  40. Benjamin Hippert, 2019. "The relationship between announcements of complete mergers and acquisitions and acquirers' abnormal CDS spread changes," Working Papers Dissertations 52, Paderborn University, Faculty of Business Administration and Economics.
  41. Edward M. Miller, 1992. "Firm Size Related Implications Of The Cost Of Accounting Information And Analysis," Review of Financial Economics, John Wiley & Sons, vol. 1(2), pages 68-80, March.
  42. Kedia, Simi & Zhou, Xing, 2014. "Informed trading around acquisitions: Evidence from corporate bonds," Journal of Financial Markets, Elsevier, vol. 18(C), pages 182-205.
  43. Hilscher, Jens & Şişli-Ciamarra, Elif, 2013. "Conflicts of interest on corporate boards: The effect of creditor-directors on acquisitions," Journal of Corporate Finance, Elsevier, vol. 19(C), pages 140-158.
  44. Philip Chang, 1988. "Economies Of Scope, Synergy, And The Capm," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 11(3), pages 255-263, September.
  45. Szilagyi, P.G., 2007. "Corporate governance and the agency costs of debt and outside equity," Other publications TiSEM 9520d40a-224f-43a8-9bf9-b, Tilburg University, School of Economics and Management.
  46. Kevin P. Scanlon & Jack W. Trifts & Richard H. Pettway, 1989. "Impacts Of Relative Size And Industrial Relatedness On Returns To Shareholders Of Acquiring Firms," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 12(2), pages 103-112, June.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.