Diversification Discount is a financial phenomenon in corporate strategy wherein a diversified firm’s market value is less than the sum of its individual business units’ stand-alone values, indicating a penalty attributed to the firm’s diversification strategy.
133
Publications
18.6K
Citations
198
Authors
183
Institutions
Publications per year
2017–2026
15
Variants
Conglomerate Discount
Parents
Publications
133
Explaining the Diversification Discount
José Manuel Campa, Simi Kedia · The Journal of Finance · 2002 · 1.4K citations · Full text
The Value of Diversification During the Conglomerate Merger Wave
Henri Servaes · The Journal of Finance · 1996 · 877 citations
1–5 of 133
Authors
198
- HS
8
h-index
- BV
6
h-index
- DJ
5
h-index
- DH
4
h-index
- SK
3
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1–5 of 198
Institutions
183
New York University
New York, United States
7 h-index
10 publications
1.7K citations
Swiss Finance Institute
Zurich, Switzerland
6 h-index
11 publications
423 citations
National Bureau of Economic Research
Cambridge, United States
6 h-index
9 publications
1.8K citations
Cornell University
Ithaca, United States
6 h-index
7 publications
5.7K citations
Centre for Economic Policy Research
London, United Kingdom
5 h-index
6 publications
1.2K citations
University of North Carolina at Chapel Hill
Chapel Hill, United States
5 h-index
7 publications
4.8K citations
Tulane University
New Orleans, United States
5 h-index
6 publications
505 citations
University of Chicago
Chicago, United States
5 h-index
9 publications
4.6K citations
1–8 of 183
Venues
- SSRN Electronic Journal
Repository · 34 publications · 2.9K citations
21
h-index
- The Journal of Finance
13 publications · 8.2K citations
13
h-index
- Financial Management
FM · 6 publications · 975 citations
6
h-index
- Journal of Banking & Finance
6 publications · 503 citations
6
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- Strategic Management Journal
SMJ · 5 publications · 998 citations
5
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1–5