Impact of corporate diversification on idiosyncratic volatility.

We analyze a set of firms during 1997 to 2001 and find that corporate diversification is significantly and negatively related to firm-specific volatility. This study provides confirmative evidence that corporate diversification has the benefit of lowering idiosyncratic volatility.

Bibliographic Details
Main Authors: Liao, Huiyi., Lim, Pan Ni., Tan, Peishan.
Other Authors: Lim, Chee Yeow
Format: Final Year Project (FYP)
Published: 2008
Subjects:
Online Access:http://hdl.handle.net/10356/9541