Therefore, our results are consistent with diversification strategies being used by undiversified
family owners of family firms to diversify their personal wealth portfolios.
Management literature proposes the following definitions of risk: Business risk, resulting from variability in a firm's performance (Zahra, 2005); Ownership risk, the risk related to holding an undiversified
share of equity (Fama & Jensen, 1983); Control risk, the risk of losing control over the company through excessive leveraging (Mishra & Mc Conaughy, 1999); Financial risk, used synonymously with control risk (Schulze & Dino, 2004).
Section 3 presents a short literature review relating to the value implications of undiversified
But it is undiversified
stockholders who tend to show up at stockholder meetings.
I do hope these AaeexpertsAAE were able to conduct independent scientific and business studies without political pressures from the executive to solve some of LibyaAAEs pressing economic or social problems Au such as high unemployment and LibyaAAEs undiversified
source of national income.
For many Americans, the equity in their home represents a large, undiversified
portion of their portfolio.
The famines in Ireland in the nineteenth century and in Ethiopia in the late twentieth century provide clear evidence of the vulnerability of undiversified
crops to environmental changes, and the dramatic consequences of such vulnerability for the population.
Over time, undiversified
investments through ESOPs can be worth far less than half as much," he said
caddie companies squeezing out the independent caddie.
Such adjustments are especially useful in small, undiversified
economies where domestic wages and prices are inflexible or where the cross-border movement of goods, labor, and financing is limited.
Their current practice is to simplify their investment decisions by positing a generic fictional shareholder who is undiversified
in his investments as the person to whom they hold themselves accountable.
Furthermore, he calculates the cost of "insurance against the decline in his wealth attributable to his undiversified
position within the DC plan" (p.