The Effect of Financial Drivers on Product and Geographic Diversification for Listed and Unlisted Firms | Chapter 08 | New Innovations in Economics, Business and Management Vol. 4

 This research explores whether product and geographic diversification decisions are explained by free cash flow arguments or internal capital market perspectives. The findings indicate, as a net effect, the dominant role of internal capital market considerations, notably significant for the choice to diversify unconnected and unlisted enterprises, using a unique panel of hand-collected data from Italian firms (listed and unlisted) during the period 1980-2010.

Author(S) Details

Maurizio La Rocca
University of Calabria, Dip.to di Scienze Aziendali e Giuridiche, Cubo 3-C, Ponte P. Bucci, 87036 Rende, Cosenza, Italy.

Tiziana La Rocca
Università di Messina, Dip.to di Economia, Piazza Pugliese, 98122, Messina, Italy.

Francesco Fasano
University of Calabria, Dip.to di Scienze Aziendali e Giuridiche, Cubo 3-C, Ponte P. Bucci, 87036 Rende, Cosenza, Italy.


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