Title of article
Stock trading and diversification discount
Author/Authors
Qiao Liu، نويسنده , , Rong Qi، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2008
Pages
6
From page
35
To page
40
Abstract
While explicitly assuming that stock price conveys valuable information to the management, we show that the value loss from diversification is a function of the stock price informativeness. More informed stock trading leads to a more efficient investment and a smaller diversification discount.
Keywords
information production , Corporate Investment , Diversification discount , Stock trading
Journal title
Economics Letters
Serial Year
2008
Journal title
Economics Letters
Record number
436364
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