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    DO CONGLOMERATES OPERATE MORE EFFICIENTLY THAN SINGLE-SEGMENT FIRMS?

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    Name:
    BSY_Mar_2019_SER_Accepted_Vers ...
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    Description:
    Final Accepted Manuscript
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    Author
    BHATTACHARYA, NILABHRA
    SULAEMAN, JOHAN
    YU, JEFF JIEWEI
    Issue Date
    2020-07-15
    Keywords
    conglomerates
    efficiency
    
    Metadata
    Show full item record
    Publisher
    WORLD SCIENTIFIC PUBL CO PTE LTD
    Citation
    Bhattacharya, N., Sulaeman, J., & Yu, J. J. (2020). Do Conglomerates Operate More Efficiently than Single-Segment Firms?. The Singapore Economic Review (SER), 65(05), 1237-1270.
    Journal
    SINGAPORE ECONOMIC REVIEW
    Rights
    Copyright © 2020 World Scientific Publishing Co Pte Ltd.
    Collection Information
    This item from the UA Faculty Publications collection is made available by the University of Arizona with support from the University of Arizona Libraries. If you have questions, please contact us at repository@u.library.arizona.edu.
    Abstract
    We investigate the impact of organizational form on operational efficiency using a large sample covering manufacturing and non-manufacturing sectors in the United States over 30 years. We quantify operational efficiency using various measures, and find robust evidence that segments of diversified firms are operationally more efficient than their single-segment industry peers. The difference is more noticeable in industries where financing needs are high due to greater growth potential and where access to external markets is constrained due to higher information asymmetry.
    Note
    12 month embargo; published: 15 July 2020
    ISSN
    0217-5908
    EISSN
    1793-6837
    DOI
    10.1142/s0217590819400046
    Version
    Final accepted manuscript
    ae974a485f413a2113503eed53cd6c53
    10.1142/s0217590819400046
    Scopus Count
    Collections
    UA Faculty Publications

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