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Corporate focus versus diversification: the role of growth opportunities and cashflow

✍ Scribed by Stephen P Ferris; Nilanjan Sen; Chee Yeow Lim; Gillian H.H Yeo


Book ID
117699489
Publisher
Elsevier Science
Year
2002
Tongue
English
Weight
131 KB
Volume
12
Category
Article
ISSN
1042-4431

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This paper examines whether differences in investment opportunities and corporate ownership structure can explain the disparate findings of other researchers with regard to the market's price reaction to the announcement of international joint ventures. We study a sample of 320 joint ventures announ