Corporate diversification and shareholder value: a survey of recent literature

By John D. Martin, Akin Sayrak. 2003

442 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/5f60765072c03c0aceaf1b3e5a32c32f042b6ca5

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Citations in the corpus

Corporate Risk Taking and Ownership Structure (2010, background): “See Martin and Sayrak (2003), Khanna and Yafeh (2005), Aggarwal and Samwick (2003), Denis et al. (2002) among others.”
Diversification Discount or Premium? New Evidence from the Business Information Tracking Series (2004, background): “1 See Martin and Sayrak (2003) for a complete review of the literature.”
Heterogeneity in Business Groups and the Corporate Diversification - Firm Performance Relationship (2012, unknown): “Diversification activities of firms generate both benefits and costs (Martin and Sayrak, 2003).”
Financial Synergies and the Optimal Scope of the Firm: Implications for Mergers, Spinoffs, and Structured Finance (2007, background): “10 Our analysis can also be interpreted in terms of a coupon-paying bond, with D0 representing the market (and principal) value of the debt at t = 0, and an amount P = D0 + I due at maturity, where I is the promised coupon.”
Examining the influence of service additions on manufacturing firms' bankruptcy likelihood (2017, methodology): “This measure is comparable to the widely used Herfindahl index (Jacquemin and Berry, 1979), but it better reflects the degree of diversity among various firm’s businesses (Martin and Sayrak, 2003).”
Does Diversification Create Value in the Presence of External Financing Constraints? Evidence from the 2007-2009 Financial Crisis (2016, background): “1 See Montgomery (1994), Martin and Sayrak (2003), Stein (2003), and Villalonga (2003) for reviews.”
Resource-Based Theory and Corporate Diversification (2011, methodology): “However, as pointed out by Martin and Sayrak (2003), subjective classification schemes are difficult to be accepted, given research norms in finance.”
CEO overconfidence, CEO dominance and corporate acquisitions (2007, background): “Findings on the diversification discount have recently been the subject of a debate that has been well summarized in Martin and Sayrak (2003).”
Firm Growth : a Survey (2007, background): “The general message that emerges is that diversification is associated with inferior performance (although some more recent evidence has brought this into question – see the survey in Martin and Sayrak (2003)).”
A century of corporate takeovers: What have we learned and where do we stand? (2008, background): “For an overview of these studies, see Martin and Sayrak (2003).”