The influence of unrelated diversification and ownership structure on firm value: Evidence from Philippine conglomerates

• Main Authors: Pratyaksa, Rorian, Sayoc, Rosanina A., Koga, Mika M., Siy, Michael Dominic O.
• Format: text
• Published: Animo Repository 2015
• Subjects: Conglomerate corporations > Philippines; Diversification in industry > Philippines; Stock ownership; Business Administration, Management, and Operations; Economics
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/2964
• Institution: De La Salle University

Recent trends show that top Philippine conglomerates, with more than 91% of the Philippine Stock Exchange Index (PSEi) market capitalization, have continued to diversify into non-core industries (Santiago & Magpayo, 2007; Gutierrez & Rodriguez, 2013). We examine the effect of diversification...