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Journal Articles
Journal:
Critical Finance Review
Critical Finance Review (2024) 13 (1-2): 1–44.
Published: 14 February 2024
...John E. Hund; Donald Monk; Sheri Tice The widely used measure of diversification value developed by Berger and Ofek (1995) consistently matches large and old diversified firms with small and young focused firms. Since valuation multiples decline with sales and age this approach manufactures...
