uu.seUppsala University Publications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
The influence of Diversification and M&A Accounting on Firm Value
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies. University of Groningen.
2016 (English)Independent thesis Advanced level (degree of Master (One Year)), 20 HE creditsStudent thesis
Abstract [en]

Using a sample of 45,283 firm year observations between 1993–2012, I examine the influence of different types of diversification and M&A accounting on firm value. I find that there are different explanations for earlier variations among documented discounts. I find different value effects for geographical and industrial diversification. These effects vary over time, with decreasing discounts for geographical diversification. Furthermore, I find different value effects of M&A accounting between industries. Controlling for firm fixed effects leads to insignificant results for most regressions, which indicates that underlying firm characteristics play an important role in the determination of the discount. Together, these findings explain earlier documented differences in the literature on the diversification discount.

Place, publisher, year, edition, pages
2016. , 42 p.
Keyword [en]
Diversification, Firm Value, Mergers & Acquisitions, Multinationals
National Category
Business Administration
Identifiers
URN: urn:nbn:se:uu:diva-279865OAI: oai:DiVA.org:uu-279865DiVA: diva2:909119
Educational program
Master Programme in Business and Management
Supervisors
Available from: 2016-03-04 Created: 2016-03-04 Last updated: 2016-03-04Bibliographically approved

Open Access in DiVA

fulltext(1083 kB)155 downloads
File information
File name FULLTEXT01.pdfFile size 1083 kBChecksum SHA-512
3daf0c6b5da4bafb798f7360cc9191acddee9575e3edddb907a3ec03b3f50cf2af418565a4aecb3ae132485bb0e35416bc18943a6bf29ad24a2f884eb8d87b36
Type fulltextMimetype application/pdf

By organisation
Department of Business Studies
Business Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 155 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 326 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf