Impact of corporate diversification on idiosyncratic volatility.
Lim, Pan Ni.
Date of Issue2005
College of Business (Nanyang Business School)
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.
Final Year Project (FYP)
Nanyang Technological University