Impact of Corporate Diversification on the Market Value of Firms : A study of Deposit Money Banks Nigerian

  title={Impact of Corporate Diversification on the Market Value of Firms : A study of Deposit Money Banks Nigerian},
  author={Ugwuanyi Georgina Obinne and Ani Wilson UchennaPh.D},
  • Ugwuanyi Georgina Obinne, Ani Wilson UchennaPh.D
  • Published 2012
This paper investigates the impact of diversification on banks market value. Many studies have been conducted on the effect of diversification on firm value. From a theoretical view point, it is commonly accepted that if the costs of diversification exceed its benefits, the market will discount the share price of diversified firms. The paper hypothesized that diversification does not impact significantly on market value of banks in Nigeria. Adopting an Expost facto research design and applying… CONTINUE READING


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