Paleozoic intra-formational conglomerates

Sandstones and Conglomerates in Ohio

Conglomerates and Industry Distress

Focusing on economic distress episodes in an industry, we estimate the effect of conglomeration on resource allocation. Distressed segments have higher sales growth, higher cash flow, and higher expenditure on research and development than single-segment firms. This is especially true for segments with high past performance, for unrated firms, and in competitive industries. Single-segment firms...

Recrystallization of Enantiomers from Conglomerates

An object is considered as “chiral” if it is not superimposable on its mirror image. Due to the presence of asymmetric carbon atoms, numerous molecules are chiral but other stereogenic centers provide the asymmetric character of molecular compound (e.g. sulfoxides). Metalorganic complexes can also be asymmetric even if the ligands do not have any stereogenic center. The equimolar mixture of two...

Incentive Problems in Financial Conglomerates ∗

This paper analyzes how scope-expansion by a bank affects its lending activity. Scope economies between activities naturally arises from an incentive problem in the lending business. It shows that the sale of multiple product can impede banks to credibly commit to penalize borrowers in default. Thus, borrowers are more likely to face soft budget constraint. It finds that a more competitive envi...

Managing Risk and Capital in Financial Conglomerates

* Group Treasurer, Colonial Limited. 1 The Tripartite Group of Banking, Securities and Insurance Regulators defined a financial conglomerate as “any group of companies under common control whose exclusive or predominant activities consist of providing significant services in at least two different financial sectors (banking, securities, insurance)” (see Tripartite Group of Banking, Securities a...