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More on corporate diversification, firm size and value creation

Author

Listed:
  • Duc Khuong Nguyen

    (ISC Paris School of Management)

  • Walid Mensi

    (Faculty of Economics of Tunis, Tunisia)

  • Adel Boubaker

    (Faculty of Economics of Tunis, Tunisia)

Abstract

This paper examines the impact of corporate diversification and firm size on the value creation over the 1997-2005 period for twenty-five non-banking firms listed on Tunis Stock Exchange. Our results confirm previous studies in that shares of diversified firms sell at a discount. Moreover, value creation is found to be positively associated with larger firms.

Suggested Citation

  • Duc Khuong Nguyen & Walid Mensi & Adel Boubaker, 2008. "More on corporate diversification, firm size and value creation," Economics Bulletin, AccessEcon, vol. 7(3), pages 1-7.
    • Handle: RePEc:ebl:ecbull:eb-07g30007
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    File URL: http://www.accessecon.com/pubs/EB/2008/Volume7/EB-07G30007A.pdf
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    References listed on IDEAS

    as
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    Cited by:

    1. Sorin Gabriel Anton, 2019. "Leverage and firm growth: an empirical investigation of gazelles from emerging Europe," International Entrepreneurship and Management Journal, Springer, vol. 15(1), pages 209-232, March.
    2. Sweety Narang & Mandeep Kaur, 2014. "Impact of Firm-specific Attributes on Shareholder Value Creation of Indian Companies: An Empirical Analysis," Global Business Review, International Management Institute, vol. 15(4), pages 847-866, December.
    3. Duc Nam Phung & Anil V. Mishra, 2016. "Corporation Diversification and Firm Performance: Evidence from Vietnamese Listed Firms," Australian Economic Papers, Wiley Blackwell, vol. 55(4), pages 386-408, December.

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    More about this item

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • F3 - International Economics - - International Finance

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