What question did this study set out to answer?

The commentary critically assesses the measures of diversification used by Kinney Jr. in his study.

Covariability of Segment Earnings and Multisegment Company Returns: A Comment.

View Full Paper

Ask AI

Bookmark

Authors

Comments evaluate diversification processes in multisegment companies, highlighting implications for accounting measures.

The commentary critically assesses the measures of diversification used by Kinney Jr. in his study.
Analyzes Kinney's ex post accounting measures of diversification.
Critiques the application of portfolio theory to diversification policies.
Discusses the limitations of ex post evaluations in measuring diversification.
Identifies shortcomings in Kinney's diversification measure.
Suggests that existing theories may inadequately capture diversification effects.
Reinforces the need for better evaluation frameworks in diversification assessments.

Holzmann et al. (1974) studied this question.

View Full Paper

Ask AI

Bookmark