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Please use this identifier to cite or link to this item: https://doi.org/10.1142/S0217590819400046
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dc.titleDO CONGLOMERATES OPERATE MORE EFFICIENTLY THAN SINGLE-SEGMENT FIRMS?
dc.contributor.authorBhattacharya, Nilabhra
dc.contributor.authorSulaeman, Johan
dc.contributor.authorYu, Jeff Jiewei
dc.date.accessioned2021-07-06T01:37:36Z
dc.date.available2021-07-06T01:37:36Z
dc.date.issued2020-09-01
dc.identifier.citationBhattacharya, Nilabhra, Sulaeman, Johan, Yu, Jeff Jiewei (2020-09-01). DO CONGLOMERATES OPERATE MORE EFFICIENTLY THAN SINGLE-SEGMENT FIRMS?. SINGAPORE ECONOMIC REVIEW 65 (5) : 1237-1270. ScholarBank@NUS Repository. https://doi.org/10.1142/S0217590819400046
dc.identifier.issn02175908
dc.identifier.issn17936837
dc.identifier.urihttps://scholarbank.nus.edu.sg/handle/10635/193698
dc.description.abstractWe investigate the impact of organizational form on operational efficiency using a large sample covering manufacturing and non-manufacturing sectors in the United States over 30 years. We quantify operational efficiency using various measures, and find robust evidence that segments of diversified firms are operationally more efficient than their single-segment industry peers. The difference is more noticeable in industries where financing needs are high due to greater growth potential and where access to external markets is constrained due to higher information asymmetry.
dc.language.isoen
dc.publisherWORLD SCIENTIFIC PUBL CO PTE LTD
dc.sourceElements
dc.subjectSocial Sciences
dc.subjectEconomics
dc.subjectBusiness & Economics
dc.subjectConglomerates
dc.subjectefficiency
dc.subjectINTERNAL CAPITAL-MARKETS
dc.subjectSFAS NO. 131
dc.subjectCORPORATE DIVERSIFICATION
dc.subjectDARK SIDE
dc.subjectINFORMATION
dc.subjectCOMPETITION
dc.subjectACQUISITIONS
dc.subjectINTEGRATION
dc.subjectINVESTMENT
dc.subjectDISCOUNT
dc.typeArticle
dc.date.updated2021-07-05T07:31:20Z
dc.contributor.departmentFINANCE
dc.description.doi10.1142/S0217590819400046
dc.description.sourcetitleSINGAPORE ECONOMIC REVIEW
dc.description.volume65
dc.description.issue5
dc.description.page1237-1270
dc.published.statePublished
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