We examine whether and why the value of diversification changed during the 2008–2009 financial crisis. We find that diversified firms increased in value relative to single-segment firms during the crisis, a result that is not driven by the endogeneity of either financing constraints or firms’ diversification choices. We also find that the increase did not simply reflect changes in investor perc...

Massive red or gray mudstones make up much of the fine-grained sedimentary rocks of the Newark Supergroup. In fact, the upper third of most sedimentary cycles in the fine-grained facies of most Newark basins is massive mudstone (division 3 of Olsen, 1984). Massive mudstones have not, however, been studied or described nearly as fully as conglomerates, sandstones, and laminated shales. This lack...

This paper proposes a framework that can be used to explain and improve enterprise integration practices. It draws on the traditions of quality management and organizational learning to understand how implementation of advanced information technologies such as enterprise resource planning and customer relationship management may be explained and improved. Enterprise systems implementations at t...

Two approaches to seeking stable patterns in the gestural organization of speech are examined: local organization (individual gestures coordinated with other individual gestures) and global organization (gestures forming larger conglomerates). Articulatory evidence from American English words with a variety of initial consonants and clusters shows that syllable-initial consonants form a global ...

More than half of the cases of fungal infections of the urinary tract are caused by Candida sp., but occurrence of obstructive uropathy caused by mycetomas or fungus balls (urobezoars) is extremely rare. The latter are conglomerates of fungal hyphae. Diabetes mellitus, immunosuppression, chronic disease, and malignancies are known predisposing factors. Preoperative imaging is not pathognomonic;...

We examine whether editorial slant influences electoral outcomes in the context of one of the most powerful media conglomerates in US history. In the early 1900s, the Hearst newspaper empire was politically charged and considered influential. We test if the Hearst newspapers affected elections. Using a difference-in-differences and matching methodology, we find that the introduction of a Hearst...

This study analyses the effect of ownership structure and performance listed conglomerates on Nigeria Stock Exchange. Over years manufacturing firms in had been faced with liquidity risk, risk opportunity loss, overcapitalization, undercapitalization, longer cash conversion cycle. The secondary data used is obtained from six selected stock exchange for period five 2016-2020. objective to analyz...