@ARTICLE{26543120_26559244_2009, 
	author = {Irina Ivashkovskaya and Svetlana Shamraeva and Elena Grigoriadi}, 
	keywords = {, corporate diversification, company valuegrowing capital markets},
	title = {An Empirical Analysis of Efficiency of Corporate Diversification in Emerging Markets: Evidence from BRIC Countries},
	journal = {HSE Economic Journal },
	year = {2009},
	month = {1},
	volume = {13},
	number = {3},
	pages = {360-382},
	url = {https://ej.hse.ru/en/2009-13-3/26559244.html},
	publisher = {},
	abstract = {Researchers have long tried to define the impact of corporate diversification on firm value. Academic papers mainly concentrate on the effects of corporate diversification in mature markets while its consequences in emerging capital markets are less explored. The article presents the results of empirical analysis of diversification strategies of the sample of 6 Brazilian, 9 Russian, 63 Indian and 50 Chinese companies. The research has been done in Corporate Finance Center, State University - Higher School of Economics. Using event study method we demonstrate that corporate diversification had a positive impact on a firm’s value within the sample of the firms from BRIC counties.},
	annote = {Researchers have long tried to define the impact of corporate diversification on firm value. Academic papers mainly concentrate on the effects of corporate diversification in mature markets while its consequences in emerging capital markets are less explored. The article presents the results of empirical analysis of diversification strategies of the sample of 6 Brazilian, 9 Russian, 63 Indian and 50 Chinese companies. The research has been done in Corporate Finance Center, State University - Higher School of Economics. Using event study method we demonstrate that corporate diversification had a positive impact on a firm’s value within the sample of the firms from BRIC counties.}
}