All Outputs (2)

Corporate diversification, refocusing and shareholder voting (2021)
Journal Article
Tokbolat, Y., Le, H., & Thompson, S. (2021). Corporate diversification, refocusing and shareholder voting. International Review of Financial Analysis, 78, Article 101924. https://doi.org/10.1016/j.irfa.2021.101924

We examine if shareholders' attitude towards firm diversification strategy is revealed in their votes on management-initiated acquisition and divestment proposals using data on voting by shareholders of UK public firms between 1997 and 2019. We find... Read More about Corporate diversification, refocusing and shareholder voting.

Covid-19: Corporate diversification and post-crash returns (2021)
Journal Article
Tokbolat, Y., & Le, H. (2022). Covid-19: Corporate diversification and post-crash returns. Finance Research Letters, 46(Part B), Article 102501. https://doi.org/10.1016/j.frl.2021.102501

This paper examines the impact of corporate diversification on stock returns during and after the market crash caused by Covid-19. Using regression and survival analyses, we find that diversified firms experience worse returns and slower improvement... Read More about Covid-19: Corporate diversification and post-crash returns.