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Performance boursière rendement/risque et mode de diversification

Author

Listed:
  • Frantz Maurer

    (Université de Bordeaux 4)

Abstract

This paper analyses the relationship between diversification strategy, firm's market-based performance measured in terms of the risk-return trade-off and value creation. Results from a sample of 41 French industrial diversified firms indicate that unrelated strategy yields a better risk-return performance and creates more value than related strategy.

Suggested Citation

  • Frantz Maurer, 2003. "Performance boursière rendement/risque et mode de diversification," Revue Finance Contrôle Stratégie, revues.org, vol. 6(1), pages 93-118, March.
    • Handle: RePEc:dij:revfcs:v:6:y:2003:i:q1:p:93-118
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    diversification; return; risk; value creation.;
    All these keywords.

    JEL classification:

    • L19 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Other
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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