While an extensive literature examines the diversification‐performance relationship, little
agreement exists concerning the nature of this relationship. Both theoretical and empirical …

This chapter surveys the recent empirical literature and adds to the evidence on takeover
bids for US targets, 1980–2005. The availability of machine readable transaction databases …

THE THEORY OF investor behavior in a world of uncertainty has been set out by several
writers including Sharpe (1964) and Lintner (Feb. 1965). A key assumption of the now …

A conglomerate merger generally leads, through the diversification effect, to reduced risk for
the combined entity. As is well known, in perfect capital markets such risk reduction will not …

THE EXISTENCE AND SOURCE of potential opportunities for profitable corporate growth
through merger have been the subjects of careful examination in the literature of finance and …

In this paper a combined capital asset pricing model and option pricing model is considered
and then applied to the derivation of equity's value and its systematic risk. In the first section …

This paper explores the proposition that the divergence of interest between managers and
stockholders has implications for corporate strategy and firm profitability. Stockholders prefer …

Diversification has emerged as a central topic of research in strategic management.
Although this topic has been widely and intensively studied by scholars from other areas …

I use an organizational learning perspective to examine how the nature, performance and
timing of a firm's acquisition experience helps it to learn how to select the right acquisition. I …

During the 1920s, DuPont and General Motors pioneered the use of the multidivisional form
(or M-form) to produce and market a number of related products through separate divisions …