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Product market competition and the value of diversification

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dc.contributor.authorŞahin, Cansu İskenderoğlu
dc.contributor.departmentInternational Finance
dc.contributor.ozuauthorŞAHİN, Cansu Iskenderoğlu
dc.date.accessioned2023-11-06T08:57:20Z
dc.date.available2023-11-06T08:57:20Z
dc.date.issued2023-12
dc.description.abstractI 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.description.versionPublisher versionen_US
dc.identifier.doi10.1016/j.frl.2023.104049en_US
dc.identifier.issn1544-6123en_US
dc.identifier.scopus2-s2.0-85163306005
dc.identifier.urihttp://hdl.handle.net/10679/8930
dc.identifier.urihttps://doi.org/10.1016/j.frl.2023.104049
dc.identifier.volume58en_US
dc.identifier.wos001072182200001
dc.language.isoengen_US
dc.peerreviewedyesen_US
dc.publicationstatusPublisheden_US
dc.publisherElsevieren_US
dc.relation.ispartofFinance Research Letters
dc.relation.publicationcategoryInternational Refereed Journal
dc.rightsopenAccess
dc.rightsAttribution-NonCommercial-NoDerivs 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject.keywordsDiversificationen_US
dc.subject.keywordsDiversification discounten_US
dc.subject.keywordsProduct market competitionen_US
dc.subject.keywordsTariff reductionen_US
dc.titleProduct market competition and the value of diversificationen_US
dc.typearticleen_US
dspace.entity.typePublication
relation.isOrgUnitOfPublicatione7fcb811-af49-4ec2-b289-d39850ce6728
relation.isOrgUnitOfPublication.latestForDiscoverye7fcb811-af49-4ec2-b289-d39850ce6728

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