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| Duc Khuong Nguyen, Walid Mensi and Adel Boubaker |
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| ''More on corporate diversification, firm size and value creation'' |
| ( 2008, Vol. 7 No.3 ) |
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| This paper examines the impact of corporate diversification and firm size on the value creation over the 1997-2005 period for twenty-five non-banking firms listed on Tunis Stock Exchange. Our results confirm previous studies in that shares of diversified firms sell at a discount. Moreover, value creation is found to be positively associated with larger firms. |
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| Keywords: |
JEL: G3 - Corporate Finance and Governance: General
F3 - International Finance: General |
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| Manuscript Received : Nov 27 2007 | | Manuscript Accepted : Jan 05 2008 |
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