The Coinsurance Effect of Corporate Diversification - An Empirical Analysis of the Accounting and Economic Implications

Dominik Nußmann comprehensively analyzes the coinsurance effect of corporate diversification by first providing a structured review of all relevant findings presented in the financial economics and accounting literature. Based on this review, he examines important accounting and economic implications of the coinsurance effect by means of two comprehensive empirical analyses. In particular, he finds that diversified firms benefit from coinsurance through financial as well as accounting synergies which entail considerable value-enhancing potentials.

List of contents

The Firm Characteristic of Corporate Diversification.- Corporate Diversification and Earnings Quality.- Implication for the Excess Value of Corporate Diversification.

About the author

Dr. Dominik Nußmann received his doctoral degree from the University of Cologne under the supervision of Prof. Dr. Carsten Homburg (Department of Business Administration and Management Accounting).  

Summary

Publication in the field of economic sciences

Product details

• Authors: Dominik Nußmann
• Publisher: Springer, Berlin
• Languages: English
• Product format: Paperback / Softback
• Released: 05.09.2017
• EAN: 9783658193737
• ISBN: 978-3-658-19373-7
• No. of pages: 146
• Dimensions: 151 mm x 10 mm x 210 mm
• Weight: 232 g
• Illustrations: XXIV, 146 p. 6 illus.
• Series: Quantitatives Controlling
• Subjects: Social sciences, law, business > Business > Management; Management, C, Planning, Leadership, Human Resource Management, Organization, Business and Management, Business Strategy/Leadership, Organizational theory & behaviour, Personnel & human resources management, Management science, Management—Study and teaching, Management Education