More on corporate diversification, firm size and value creation

被引:0
|
作者
Boubaker, Adel [1 ]
Mensi, Walid [1 ]
Nguyen, Duc Khuong [2 ]
机构
[1] Fac Econ Tunis, Tunis, Tunisia
[2] ISC Paris Sch Management, Paris, France
来源
ECONOMICS BULLETIN | 2008年 / 7卷
关键词
D O I
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中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper examines the impact of corporate diversification and firm size on the value creation over the 1997-2005 period for twenty-five non-banking firms listed on Tunis Stock Exchange. Our results confirm previous studies in that shares of diversified firms sell at a discount. Moreover, value creation is found to be positively associated with larger firms.
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页数:7
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