Impact of corporate diversification on idiosyncratic volatility.

• المؤلفون الرئيسيون: Liao, Huiyi., Lim, Pan Ni., Tan, Peishan.
• مؤلفون آخرون: Lim, Chee Yeow
• التنسيق: Final Year Project
• منشور في: 2008
• الموضوعات: DRNTU::Business::Finance::Equity
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/9541
• المؤسسة: Nanyang Technological University

We analyze a set of firms during 1997 to 2001 and find that corporate diversification is significantly and negatively related to firm-specific volatility. This study provides confirmative evidence that corporate diversification has the benefit of lowering idiosyncratic volatility.