| dc.contributor | 財管系 | zh_TW |
| dc.creator (作者) | 陳聖賢 | zh_TW |
| dc.creator (作者) | Chen, Sheng-Syan | en_US |
| dc.date (日期) | 2006 | |
| dc.date.accessioned | 15-Jun-2018 12:02:01 (UTC+8) | - |
| dc.date.available | 15-Jun-2018 12:02:01 (UTC+8) | - |
| dc.date.issued (上傳時間) | 15-Jun-2018 12:02:01 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/117778 | - |
| dc.description.abstract (摘要) | This paper examines the role of focus versus diversification in explaining the economic impact of corporate capital investments. I find that the stock market’s responses to announcementsof capital investments are more favorable for focused firms than for diversified firms. I also show that focused firms exhibit significantly better post-investment operating performancethan diversified firms. The overall findings in this study suggest that the investment opportunities hypothesis dominates the internal capital markets hypothesis in terms of thenet economic impact of capital investments on the investing firms. | en_US |
| dc.format.extent | 1597452 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Journal of Financial and Quantitative Analysis, Vol.41, No.2, pp.341-355 | zh_TW |
| dc.title (題名) | The Economic Impact of Corporate Capital Expenditures: Focused Firms versus Diversified Firms | en_US |
| dc.type (資料類型) | article | |
