ENGLISH

The Coinsurance Effect of Corporate Diversification: An Empirical Analysis of the Accounting and Economic Implications

By Dominik Nußmann (auth.)

Book information

Publisher
Gabler Verlag
Year
2018
ISBN
978-3-658-19373-7, 978-3-658-19374-4
Language
english
Format
PDF
Filesize
4 MB (4287549 bytes)
Series
Quantitatives Controlling
Edition
1
Pages
XXIV, 146\164
Time added
2017-11-21 00:00:00
Business Strategy/Leadership

Description

Dominik Nußmann comprehensively analyzes the coinsurance effect of corporate diversification by first providing a structured review of all relevant findings presented in the financial economics and accounting literature. Based on this review, he examines important accounting and economic implications of the coinsurance effect by means of two comprehensive empirical analyses. In particular, he finds that diversified firms benefit from coinsurance through financial as well as accounting synergies which entail considerable value-enhancing potentials. Front Matter ....Pages I-XXIV Introduction (Dominik Nußmann)....Pages 1-4 The Firm Characteristic of Corporate Diversification (Dominik Nußmann)....Pages 5-15 Corporate Diversification and Earnings Quality (Dominik Nußmann)....Pages 17-81 Implication for the Excess Value of Corporate Diversification (Dominik Nußmann)....Pages 83-129 Concluding Remarks (Dominik Nußmann)....Pages 131-134 Back Matter ....Pages 135-146

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