Diversification and ownership concentration

Diversification and ownership concentration

We consider a mean-variance general equilibrium economy where the expected returns for controlling and non-controlling shareholders are different because the former are able to divert a fraction of the profits. We find that when investor protection is poor, asset return correlation affects ownership structure in a positive way. Higher return correlation lowers the benefits of diversification wh...

product diversification (related/unrelated) ,ownership structure and capital structure

the paper studies of the effect the related and unrelated diversification for products and ownership structure on capital structure for a sample of 87 firms out of 19 industry listed on the tehran stock exchange during the period 2004- 2009. for to regress of models to apply of multivariate approach include panel data and cross-sectional regressions. this study adopts panel fixed effects regres...

Ownership Concentration and Strategic Supply Reduction∗

We explore ownership concentration as a means to seek rents in the context of the U.S. government’s planned acquisition of broadcast TV licenses in the ongoing incentive auction. We document the significant purchases of licenses by private equity firms in the run-up to this auction and perform a prospective analysis of the effect of firms controlling multiple licenses on the outcome of the auct...

Market Share , Concentration and Diversification in Firm

*This paper is the result of work being undertaken as part of a collaborative research program entitled ‘The Performance of Australian Enterprises: Innovation, Productivity and Profitability’. The project is generously supported by the Australian Research Council and the following collaborative partners: Australia Tax Office, Commonwealth Office of Small Business, IBIS Business Information Pty ...

Economic Growth And Stability In The Euro-Med Region: Concentration Or Diversification?