Performance boursière rendement/risque et mode de diversification

Frantz Maurer ()
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Frantz Maurer: Université de Bordeaux 4

Revue Finance Contrôle Stratégie, 2003, vol. 6, issue 1, pages 93-118

Abstract: This paper analyses the relationship between diversification strategy, firm's market-based performance measured in terms of the risk-return trade-off and value creation. Results from a sample of 41 French industrial diversified firms indicate that unrelated strategy yields a better risk-return performance and creates more value than related strategy.

Keywords: diversification; return; risk; value creation. (search for similar items in EconPapers)
JEL-codes: L19 G32 (search for similar items in EconPapers)
Date: 2003

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Persistent link: http://EconPapers.repec.org/RePEc:dij:revfcs:v:6:y:2003:i:q1:p:93-118

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