2018 | OriginalPaper | Chapter
Implication for the Excess Value of Corporate Diversification
Author : Dominik Nußmann
Published in: The Coinsurance Effect of Corporate Diversification
Publisher: Springer Fachmedien Wiesbaden
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This chapter covers the economic implications of corporate diversification. Specifically, I explore whether coinsurance benefits on earnings quality (operating volatility) affect the excess value of diversified firms through less accounting information risk.