Diversification references

Below the references accompanying the mindmap. Not all references are there yet …

Aboody, David, and Baruch Lev, 2000, Information Asymmetry, R&D, and Insider Gains, 55, 2747.

Ahtiala, Pekka, 2000, Conglomerate Mergers as Defense against the Risk of Relative Price Variability, 82, 160.

Allayannis, George, Jane Ihrig, and James P. Weston, 2001, Exchange-Rate Hedging: Financial versus Operational Strategies, 91, 391.

Allayannis, George, and James P. Weston, 2001, The Use of Foreign Currency Derivatives and Firm Market Value, 14, 243.

Allen, Jeffrey W., and John J. McConnell, 1998, Equity Carve-Outs and Managerial Discretion, 53, 163.

Amihud, Yakov, and Baruch Lev, 1999, Does Corporate Ownership Structure Affect Its Strategy towards Diversification? 20, 1063.

Anand, Jaideep, and Harbir Singh, 1997, Asset Redeployment, Acquisitions and Corporate Strategy in Declining Industries, 18, 99.

Arping, Stephan, and Gyongyi Loranth, 2006, Corporate Leverage and Product Differentiation Strategy, Journal of Business 79, XXX.

Bebchuk, Lucian Arye, and Jesse M. Fried, 2003, Executive Compensation as an Agency Problem, 17, 71.

Berger, Philip G., and Eli Ofek, 1995, Diversification´s effect on firm value, Journal of Finance 37, 39-66.

Berger, Philip G., and Eli Ofek, 1996, Bustup Takeovers of Value-Destroying Diversified Firms, Journal of Finance 51, 1175.

Berger, Philip G., and Eli Ofek, 1999, Causes and Effects of Corporate Refocusing Programs, Review of Financial Studies 12, 311.

Bergh, Donald D., and Gordon F. Holbein, 1997, Assessment and Redirection of Longitudinal Analysis: Demonstration with a Study of the Diversification and Divestiture Relationship, 18, 557.

Bettis, J. Carr, John M. Bizjak, and Michael L. Lemmon, 2001, Managerial Ownership, Incentive Contracting, and the Use of Zero-Cost Collars and Equity Swaps by Corporate Insiders, 36, 345.

Bigley, Gregory A., and Margarethe F. Wiersema, 2002, New CEOs and Corporate Strategic Refocusing: How Experience as Heir Apparent Influences the Use of Power, 47, 707.

Bolton, Patrick, and David S. Scharfstein, 1998, Corporate Finance, the Theory of the Firm, and Organizations, 12, 95.

Brusco, S., and F. Panunzi, 2000, Reallocation of Corporate Resources and Managerial Incentives in Internal Capital Markets, CEPR Discussion Paper.

Campa, Jose Manuel, and Simi Kedia, 2002, Explaining the Diversification Discount, Journal of Finance 57, 1731-1762.

Campello, Murillo, 2002, Internal Capital Markets in Financial Conglomerates: Evidence from Small Bank Responses to Monetary Policy, Journal of Finance 57, 2773.

Carpenter, Jennifer N., and Barbara Remmers, 2001, Executive Stock Option Exercises and Inside Information, 74, 513.

Chang, Sea-Jin, and Harbir Singh, 2000, Corporate and Industry Effects on Business Unit Competitive Position, 21, 739.

Cummins, J. David, Richard D. Phillips, and Stephen D. Smith, 2001, Derivatives and Corporate Risk Management: Participation and Volume Decisions in the Insurance Industry, 68, 51.

Deloof, Marc, 1998, Corporate Groups, Liquidity, and Overinvestment by Belgian Firms Quoted on the Brussels Stock Exchange, 19, 31.

Denis, David J., Diane K. Denis, and Atulya Sarin, 1997, Agency Problems, Equity Ownership, and Corporate Diversification, Journal of Finance 52, 135.

Denis, David J., Diane K. Denis, and Atulya Sarin, 1999, Agency Theory and the Influence of Equity Ownership Structure on Corporate Diversification Strategies, 20, 1071.

Denis, David J., Diane K. Denis, and Keven Yost, 2002, Global Diversification, Industrial Diversification, and Firm Value, 57, 1951.

Dewenter, Kathryn, Walter Novaes, and Richard H. Pettway, 2001, Visibility versus Complexity in Business Groups: Evidence from Japanese Keiretsu, 74, 79.

Diamond, Charles A., and Curtis J. Simon, 1990, Industrial Specialization and the Returns to Labor, 8, 175.

Fan, Joseph P. H., and Larry H. P. Lang, 2000, The Measurement of Relatedness: An Application to Corporate Diversification, 73, 629.

Filatotchev, Igor, Trevor Buck, and Vladimir Zhukov, 2000, Downsizing in Privatized Firms in Russia, Ukraine, and Belarus, 43, 286.

Fluck, Zsuzsanna, and Anthony W. Lynch, 1999, Why Do Firms Merge and Then Divest? A Theory of Financial Synergy, 72, 319.

Frohls, Michael A., Art Keown, Mark McNabb, and John Martin, 1998, Growth Opportunities, Corporate Governance and the Market Value of Multinational Joint Ventures, 19, 13.

Gertner, Robert, Eric Powers, and David Scharfstein, 2002, Learning about Internal Capital Markets from Corporate Spin-offs, 57, 2479.

Gilson, Stuart C., Edith S. Hotchkiss, and Richard S. Ruback, 2000, Valuation of Bankrupt Firms, 13, 43.

Graham, John R., Michael L. Lemmon, and Jack G. Wolf, 2002, Does Corporate Diversification Destroy Value? 57, 695.

Green, Richard C., 2001, Report of the Editor of the Journal of Finance for the Year 2000, 56, 1607.

Green, Richard C., 2002, Report of the Editor of “The Journal of Finance” for the Year 2001, 57, 1835.

Hadlock, Charles J., Michael Ryngaert, Shawn Thomas, and Henri Servaes, 2001, Corporate Structure and Equity Offerings: Are There Benefits to Diversification?

The Value of Diversification During the Conglomerate Merger Wave, 74, 613.

Harris, Milton, and Artur Raviv, 1991, The Theory of Capital Structure, 46, 297.

Haushalter, G. David, 2000, Financing Policy, Basis Risk, and Corporate Hedging: Evidence from Oil and Gas Producers, 55, 107.

Holderness, Clifford G., Randall S. Kroszner, and Dennis P. Sheehan, 1999, Were the Good Old Days That Good? Changes in Managerial Stock Ownership since the Great Depression, 54, 435.

Holmstrom, Bengt, and Steven N. Kaplan, 2001, Corporate Governance and Merger Activity in the United States: Making Sense of the 1980s and 1990s, 15, 121.

Hoyt, Robert E., and Ho Khang, 2000, On the Demand for Corporate Property Insurance, 67, 91.

Hubbard, R. Glenn, and Darius Palia, 1999, A Reexamination of the Conglomerate Merger Wave in the 1960s: An Internal Capital Markets View, 54, 1131.

Hughes, K. E., II, 2000, The Value Relevance of Nonfinancial Measures of Air Pollution in the Electric Utility Industry, 75, 209.

Jensen, Michael C., and William H. Meckling, 1976, Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure, Journal of Financial Economics 3, 305-60.

Johnson, Shane A., and Mark B. Houston, 2000, A Reexamination of the Motives and Gains in Joint Ventures, 35, 67.

Kahle, Kathleen M., and Ralph A. Walkling, 1996, The Impact of Industry Classifications on Financial Research, 31, 309.

Karim, Samina, and Will Mitchell, 2000, Path-Dependent and Path-Breaking Change: Reconfiguring Business Resources Following Acquisitions in the U.S. Medical Sector, 1978-1995, 21, 1061.

Kashyap, Anil K., Raghuram Rajan, and Jeremy C. Stein, 2002, Banks as Liquidity Providers: An Explanation for the Coexistence of Lending and Deposit-Taking, 57, 33.

Khanna, Naveen, and Sheri Tice, 2000, Strategic Responses of Incumbents to New Entry: The Effect of Ownership Structure, Capital Structure, and Focus, 13, 749.

Khanna, Naveen, and Sheri Tice, 2001, The Bright Side of Internal Capital Markets, Journal of Finance 56, 1489.

Khanna, Tarun, and Krishna Palepu, 2000, The Future of Business Groups in Emerging Markets: Long-Run Evidence from Chile, 43, 268.

Khanna, Tarun, and Krishna Palepu, 2000, Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups, 55, 867.

Klein, Peter G., 2001, Were the Acquisitive Conglomerates Inefficient? 32, 745.

Kniesner, Thomas J., and Arthur H. Goldsmith, 1987, A Survey of Alternative Models of the Aggregate U.S. Labor Market, 25, 1241.

Laeven, Luc, and Ross Levine, 2007, Is there a diversification discount in financial conglomerates? Journal of Financial Economics.

Lamont, Owen, 1997, Cash Flow and Investment: Evidence from Internal Capital Markets, 52, 83.

Lamont, Owen A., and Christopher Polk, 2001, The Diversification Discount: Cash Flows versus Returns, Journal of Finance 56, 1693.

Lang, Larry H. P., and Rene M. Stulz, 1994, Tobin´s Q, corporate diversification, and firm performance, Journal of Political Economy 1248-1280.

Liebeskind, Julia Porter, 2000, Internal Capital Markets: Benefits, Costs, and Organizational Arrangements, 11, 58.

Lins, Karl, and Henri Servaes, 1999, International Evidence on the Value of Corporate Diversification, 54, 2215.

Maksimovic, Vojislav, and Gordon Phillips, 2001, The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and Are There Efficiency Gains? Journal of Finance 56, 2019.

Maksimovic, Vojislav, and Gordon Phillips, 2002, Do Conglomerate Firms Allocate Resources Inefficiently across Industries? Theory and Evidence, Journal of Finance 57, 721.

Mansi, Sattar A., and David M. Reeb, 2002, Corporate Diversification: What Gets Discounted? Journal of Finance 57, 2167.

Matsusaka, John G., 2001, Corporate Diversification, Value Maximization, and Organizational Capabilities, 74, 409.

May, Don O., 1995, Do Managerial Motives Influence Firm Risk Reduction Strategies? 50, 1291.

Moerman, G.A., R. Mahieu, and C.G. Koedijk, 2004, Financial Integration Through Benchmarks: The European Banking Sector, ERIM Working paper.

O’Shaughnessy, K. C., and David J. Flanagan, 1998, Determinants of Layoff Announcements Following M&As: An Empirical Investigation, 19, 989.

Ofek, Eli, and David Yermack, 2000, Taking Stock: Equity-Based Compensation and the Evolution of Managerial Ownership, 55, 1367.

Palich, Leslie E., Laura B. Cardinal, and C. Chet Miller, 2000, Curvilinearity in the Diversification-Performance Linkage: An Examination of over Three Decades of Research, 21, 155.

Palmer, Donald, and Brad M. Barber, 2001, Challengers, Elites, and Owning Families: A Social Class Theory of Corporate Acquisitions in the 1960s, 46, 87.

Pantzalis, Christos, 2001, Does Location Matter? An Empirical Analysis of Geographic Scope and MNC Market Valuation, 32, 133.

Pantzalis, Christos, Betty J. Simkins, and Paul A. Laux, 2001, Operational Hedges and the Foreign Exchange Exposure of U.S. Multinational Corporations, 32, 793.

Porta, Rafael La, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert Vishny, 2002, Investor Protection and Corporate Valuation, 57, 1147.

Rajan, Raghuram, Henri Servaes, and Luigi Zingales, 2000, The Cost of Diversity: The Diversification Discount and Inefficient Investment, Journal of Finance 55, 35.

Safieddine, Assem, and Sheridan Titman, 1999, Leverage and Corporate Performance: Evidence from Unsuccessful Takeovers, 54, 547.

Sapienza, Paola, 2001, The Bright Side of Internal Capital Markets: Discussion, Journal of Finance 56, 1528.

Scharfstein, David S., and Jeremy C. Stein, 2000, The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment, Journal of Finance 55, 2537.

Schmid, Markus M., and Ingo Walter, 2006, Do Financial Conglomerates Create or Destroy Economic Value? Working Paper.

Schoar, Antoinette, 2002, Effects of Corporate Diversification on Productivity, 57, 2379.

Servaes, Henri, 1996, The value of diversification during the conglomerate merger wave, Journal of Finance 55, 1201-1225.

Shin, Hyun-Han, and Rene M. Stulz, 1998, Are Internal Capital Markets Efficient? Quarterly Journal of Economics 113, 531.

Shleifer, Andrei, and Robert W. Vishny, 1997, A Survey of Corporate Governance, Journal of Finance 52, 737.

Simon, Curtis J., 1988, Frictional Unemployment and the Role of Industrial Diversity, 103, 715.

Stein, Jeremy C., 1997, Internal Capital Markets and the Competition for Corporate Resources, Journal of Finance 52, 111.

Subramaniam, Venkat, 1998, Efficient Sourcing and Debt Financing in Imperfect Product Markets, 44, 1167.

Tang, Charles Y., and Surinder Tikoo, 1999, Operational Flexibility and Market Valuation of Earnings, 20, 749.

Thompson, Steve, and Mike Wright, 1995, Corporate Governance: The Role of Restructuring Transactions, 105, 690.

Tufano, Peter, 1998, The Determinants of Stock Price Exposure: Financial Engineering and the Gold Mining Industry, 53, 1015.

Villalonga, Belen, 2004, Does diversification cause the ‘diversification discount’? Financial Management 33, 5-27.

Whited, Toni M., 2001, Is It Inefficient Investment That Causes the Diversification Discount? 56, 1667.

Zuckerman, Ezra W., 2000, Focusing the Corporate Product: Securities Analysts and De-Diversification, 45, 591.