Uncertainty Diversification's Misallocation Effects
The research highlights a paradox in corporate risk management, where firms' diversification efforts to hedge against risk result in reduced growth, equity value, and inefficient resource allocation.
Featured in No. 22 on 18 Oct 2023 · 28 days after release
- Released
- 20 Sep 2023
- First featured
- No. 22 · 18 Oct 2023
- Published in
- Not yet, as far as Semantic Scholar knows
- Shares when featured
- 2
- Identifier
- SSRN 4603819
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).