More on corporate diversification, firm size and value creation

Duc Khuong Nguyen, Walid Mensi and Adel Boubaker

Economics Bulletin, 2008, vol. 7, issue 3, 1-7

Abstract: This paper examines the impact of corporate diversification and firm size on the value creation over the 1997-2005 period for twenty-five non-banking firms listed on Tunis Stock Exchange. Our results confirm previous studies in that shares of diversified firms sell at a discount. Moreover, value creation is found to be positively associated with larger firms.

JEL-codes: F3 G3 (search for similar items in EconPapers)
Date: 2008-01-05
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Citations: View citations in EconPapers (3)

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