The aim of this article is to verify in Italy, for the first time using a large sample of firms and for a wide period of time, the relation between diversification and performance. In particular the main theoretical approach, commonly used to explain the link between diversification and value, are investigated. Overall, the results seems to highlight that the diversification destroy value.
Diversification and performance: an empirical analysis in Italy
MONTEFORTE, Daniele;CARIOLA, Alfio;LA ROCCA, Maurizio
2007-01-01
Abstract
The aim of this article is to verify in Italy, for the first time using a large sample of firms and for a wide period of time, the relation between diversification and performance. In particular the main theoretical approach, commonly used to explain the link between diversification and value, are investigated. Overall, the results seems to highlight that the diversification destroy value.File in questo prodotto:
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