Product market competition and the value of diversification
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 |
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