Matches in SemOpenAlex for { <https://semopenalex.org/work/W2891350331> ?p ?o ?g. }
Showing items 1 to 69 of
69
with 100 items per page.
- W2891350331 abstract "In a simple model of capital budgeting in a diversified firm where headquarters have limited power, we show that funds are allocated towards the most inefficient divisions. The distortion is greater, when the investment oppotunities of the firm’s divisions are more diverse. We test these implications on a panel of diversified firms in the United States during the period 1979–93. We find that i) diversified firms mis-allocate investment funds; ii) the extent of mis-allocation is positively related to the diversity of investment opportunities across divisions; and iii) the discount, at which these diversified firms trade, is positively related to the extent of the investment mis-allocation and to the diversity of investment opportunities across divisions." @default.
- W2891350331 created "2018-09-27" @default.
- W2891350331 creator A5014729432 @default.
- W2891350331 creator A5020155328 @default.
- W2891350331 creator A5047005082 @default.
- W2891350331 date "1998-01-01" @default.
- W2891350331 modified "2023-09-25" @default.
- W2891350331 title "The Cost of Diversity: The Diversification Discount and Inefficient Investment" @default.
- W2891350331 doi "https://doi.org/10.3386/w6368" @default.
- W2891350331 hasPublicationYear "1998" @default.
- W2891350331 type Work @default.
- W2891350331 sameAs 2891350331 @default.
- W2891350331 citedByCount "36" @default.
- W2891350331 countsByYear W28913503312012 @default.
- W2891350331 countsByYear W28913503312015 @default.
- W2891350331 countsByYear W28913503312016 @default.
- W2891350331 countsByYear W28913503312017 @default.
- W2891350331 countsByYear W28913503312019 @default.
- W2891350331 crossrefType "report" @default.
- W2891350331 hasAuthorship W2891350331A5014729432 @default.
- W2891350331 hasAuthorship W2891350331A5020155328 @default.
- W2891350331 hasAuthorship W2891350331A5047005082 @default.
- W2891350331 hasBestOaLocation W28913503311 @default.
- W2891350331 hasConcept C106159729 @default.
- W2891350331 hasConcept C144024400 @default.
- W2891350331 hasConcept C144133560 @default.
- W2891350331 hasConcept C162324750 @default.
- W2891350331 hasConcept C162853370 @default.
- W2891350331 hasConcept C175605778 @default.
- W2891350331 hasConcept C17744445 @default.
- W2891350331 hasConcept C180916674 @default.
- W2891350331 hasConcept C19165224 @default.
- W2891350331 hasConcept C199539241 @default.
- W2891350331 hasConcept C27548731 @default.
- W2891350331 hasConcept C2781316041 @default.
- W2891350331 hasConcept C94625758 @default.
- W2891350331 hasConceptScore W2891350331C106159729 @default.
- W2891350331 hasConceptScore W2891350331C144024400 @default.
- W2891350331 hasConceptScore W2891350331C144133560 @default.
- W2891350331 hasConceptScore W2891350331C162324750 @default.
- W2891350331 hasConceptScore W2891350331C162853370 @default.
- W2891350331 hasConceptScore W2891350331C175605778 @default.
- W2891350331 hasConceptScore W2891350331C17744445 @default.
- W2891350331 hasConceptScore W2891350331C180916674 @default.
- W2891350331 hasConceptScore W2891350331C19165224 @default.
- W2891350331 hasConceptScore W2891350331C199539241 @default.
- W2891350331 hasConceptScore W2891350331C27548731 @default.
- W2891350331 hasConceptScore W2891350331C2781316041 @default.
- W2891350331 hasConceptScore W2891350331C94625758 @default.
- W2891350331 hasLocation W28913503311 @default.
- W2891350331 hasLocation W28913503312 @default.
- W2891350331 hasLocation W28913503313 @default.
- W2891350331 hasLocation W28913503314 @default.
- W2891350331 hasOpenAccess W2891350331 @default.
- W2891350331 hasPrimaryLocation W28913503311 @default.
- W2891350331 hasRelatedWork W1585433477 @default.
- W2891350331 hasRelatedWork W1975287921 @default.
- W2891350331 hasRelatedWork W2021318201 @default.
- W2891350331 hasRelatedWork W2107597046 @default.
- W2891350331 hasRelatedWork W2126700667 @default.
- W2891350331 hasRelatedWork W2586398479 @default.
- W2891350331 hasRelatedWork W3151727771 @default.
- W2891350331 hasRelatedWork W3156802429 @default.
- W2891350331 hasRelatedWork W4381930929 @default.
- W2891350331 hasRelatedWork W2944685231 @default.
- W2891350331 isParatext "false" @default.
- W2891350331 isRetracted "false" @default.
- W2891350331 magId "2891350331" @default.
- W2891350331 workType "report" @default.