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Corporate diversification: organization capital, organic growth, and long-term performance

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Date Issued:
2015
Summary:
Corporate diversification is a core topic in Financial Economics. The desire to better understand why a firm elects to diversify as opposed to increase in scale is the motivation of this dissertation. To accomplish this goal I test a number of dynamic models of corporate diversification, with similar predictions, to better understand the dynamic choice to diversify. I find that several previously untested models do indeed provide insight as to why a firm would diversify (Essay One). In particular two firm traits, firm talent which I use the proxy of organization capital and asset specificity which I use the proxy of asset tangibility, are strongly related to propensity of the firm to engage in corporate diversification for the first time.
Title: Corporate diversification: organization capital, organic growth, and long-term performance.
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Name(s): Smith, Garrett C., author
Garcia-Feijoo, Luis, Thesis advisor
Florida Atlantic University, Degree grantor
College of Business
Department of Finance
Type of Resource: text
Genre: Electronic Thesis Or Dissertation
Date Created: 2015
Date Issued: 2015
Publisher: Florida Atlantic University
Place of Publication: Boca Raton, Fla.
Physical Form: application/pdf
Extent: 158 p.
Language(s): English
Summary: Corporate diversification is a core topic in Financial Economics. The desire to better understand why a firm elects to diversify as opposed to increase in scale is the motivation of this dissertation. To accomplish this goal I test a number of dynamic models of corporate diversification, with similar predictions, to better understand the dynamic choice to diversify. I find that several previously untested models do indeed provide insight as to why a firm would diversify (Essay One). In particular two firm traits, firm talent which I use the proxy of organization capital and asset specificity which I use the proxy of asset tangibility, are strongly related to propensity of the firm to engage in corporate diversification for the first time.
Identifier: FA00004468 (IID)
Degree granted: Dissertation (Ph.D.)--Florida Atlantic University, 2015
Collection: FAU Electronic Theses and Dissertations Collection
Note(s): Includes bibliography.
Subject(s): Competition
Corporate reorganizations
Corporations -- Growth
Diversification in industry
Economics -- Sociological effects
Industrial organization
Held by: Florida Atlantic University Libraries
Sublocation: Digital Library
Links: http://purl.flvc.org/fau/fd/FA00004468
Persistent Link to This Record: http://purl.flvc.org/fau/fd/FA00004468
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Host Institution: FAU
Is Part of Series: Florida Atlantic University Digital Library Collections.