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Duc Khuong Nguyen, Walid Mensi and Adel Boubaker
''More on corporate diversification, firm size and value creation''
( 2008, Vol. 7 No.3 )
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.
JEL: G3 - Corporate Finance and Governance: General
F3 - International Finance: General
Manuscript Received : Nov 27 2007 Manuscript Accepted : Jan 05 2008

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