Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 402007
Title Does Group Affiliation Increase Firm Value for Diversified Groups: New Evidence from Indian Companies
Author(s) Lensink, B.W.; Molen, R. van der
Source Journal of Empirical Finance 17 (2010)3. - ISSN 0927-5398 - p. 332 - 344.
Department(s) Development Economics Group
Publication type Refereed Article in a scientific journal
Publication year 2010
Keyword(s) korean business groups - emerging markets - performance - strategy
Abstract This article studies the impact of group affiliation on the performance of firms in India during 1996–2001, with the goal of determining whether the positive valuation effects of group affiliation depend on the degree of group diversification. The results from this study indicate that prior support for that hypothesis actually is fragile and highly influenced by extreme outliers. The authors also provide preliminary evidence for the hypothesis that group affiliation is particularly beneficial for firms that suffer financial constraints.
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