Product market competition and the value of diversification

Şahin, Cansu İskenderoğlu

dc.contributor.author	Şahin, Cansu İskenderoğlu
dc.date.accessioned	2023-11-06T08:57:20Z
dc.date.available	2023-11-06T08:57:20Z
dc.date.issued	2023-12
dc.identifier.issn	1544-6123	en_US
dc.identifier.uri	http://hdl.handle.net/10679/8930
dc.identifier.uri	https://www.sciencedirect.com/science/article/pii/S154461232300421X
dc.description.abstract	I examine how industry concentration affects the value of diversification. I find that con- glomerates that operate mainly in concentrated industries (concentrated conglomerates) have higher diversification values. Using tariff reductions as competitive shocks, I show that concentrated conglomerates experience significant decline in their valuations and respond aggressively to threats in less-competitive industries.	en_US
dc.language.iso	eng	en_US
dc.publisher	Elsevier	en_US
dc.relation.ispartof	Finance Research Letters
dc.rights	openAccess
dc.rights	Attribution-NonCommercial-NoDerivs 4.0 International
dc.rights.uri	https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.title	Product market competition and the value of diversification	en_US
dc.type	Article	en_US
dc.description.version	Publisher version	en_US
dc.peerreviewed	yes	en_US
dc.publicationstatus	Published	en_US
dc.contributor.department	Özyeğin University
dc.contributor.authorID	(ORCID 0000-0001-8573-7017 & YÖK ID 315011) İskenderoğlu, Cansu
dc.contributor.ozuauthor	Şahin, Cansu İskenderoğlu
dc.identifier.volume	58	en_US
dc.identifier.wos	WOS:001072182200001
dc.identifier.doi	10.1016/j.frl.2023.104049	en_US
dc.subject.keywords	Diversification	en_US
dc.subject.keywords	Diversification discount	en_US
dc.subject.keywords	Product market competition	en_US
dc.subject.keywords	Tariff reduction	en_US
dc.identifier.scopus	SCOPUS:2-s2.0-85163306005
dc.relation.publicationcategory	Article - International Refereed Journal - Institutional Academic Staff