Download or read book The Effect of Diversification on Firm Value written by Lan Xu and published by . This book was released on 2013 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most research on corporate diversification focuses on conventional least squares methods, including ordinary least squares (OLS) and panel regressions. However, it has been recognized that the resulting estimates of various effects on the conditional mean of firm value are not necessarily indicative of the size and nature of these effects on different firms. In this paper I apply quantile analysis to study the heterogeneity in the effect of corporate diversification as well as other firm characteristics on firm value.