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The Effect of Diversification on Firm Value
Date of Award
Master of Arts (AM/MA)
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.
Chair and Committee
Xu, Lan, "The Effect of Diversification on Firm Value" (2013). Arts & Sciences Electronic Theses and Dissertations. 249.