The Effect of Diversification on Firm Value

Author

Lan Xu, Washington University in St. LouisFollow

Date of Award

Spring 5-15-2013

Author's School

Graduate School of Arts and Sciences

Author's Department

Mathematics

Degree Name

Master of Arts (AM/MA)

Degree Type

Thesis

Abstract

Most research on corporate diversification focuses on conventional least squares methods, including ordinary least squares (OLS) and panel regressions. However, it has been recognized that the resulting estimates of various effects on the conditional mean of firm value are not necessarily indicative of the size and nature of these effects on different firms. In this paper I apply quantile analysis to study the heterogeneity in the effect of corporate diversification as well as other firm characteristics on firm value.

Language

English (en)

Chair and Committee

Jimin Ding

Comments

Permanent URL: https://doi.org/10.7936/K70C4SQG

Recommended Citation

Xu, Lan, "The Effect of Diversification on Firm Value" (2013). Arts & Sciences Electronic Theses and Dissertations. 249.
https://openscholarship.wustl.edu/art_sci_etds/249