Impact of family altruism on corporate diversification: Does entrenching on the legacy create firm value?

• Main Authors: Carmona, Kahlil Marion H., Shi, Ailyn A., Tan, Alexis Georgette L.
• Format: text
• Language: English
• Published: Animo Repository 2014
• Subjects: Altruism > Philippines; Diversification in industry
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/10120
• Institution: De La Salle University

A common feature of the corporate sector of emerging markets like the Philippines is the prevalence of family-controlled conglomerates. This paper explores the effects of corporate diversification on firm value, particularly among family-controlled firms. Using firm-level data on 113 corporations th...