Manufactured Diversification Discount

Causal Inference without Balance Checking: Coarsened Exact Matching

Stefano M. Iacus, Gary King, Giuseppe Porro · Political Analysis · 2011 · 3.4K citations · Full text

Engineering, Statistical Foundation, Verification +18

Diversification's effect on firm value

Philip G. Berger, Eli Ofek · Journal of Financial Economics · 1995 · 3.2K citations · Full text

Empirical Finance, Firm Performance, Management +16

Tobin's q, Corporate Diversification, and Firm Performance

René M. Stulz · Journal of Political Economy · 1994 · 2.5K citations

The Cost of Diversity: The Diversification Discount and Inefficient Investment

Raghuram G. Rajan, Henri Servaes, Luigi Zingales · The Journal of Finance · 2000 · 1.8K citations · Full text

Education, Diversified Firm, Industrial Organization +18

The Dark Side of Internal Capital Markets: Divisional Rent‐Seeking and Inefficient Investment

David Scharfstein, Jeremy C. Stein · The Journal of Finance · 2000 · 1.6K citations

Divisional Rent‐seeking, Division Managers, Agent Theory +16