Essays about: "Nikita Lebedev Lundvall"

Found 1 essay containing the words Nikita Lebedev Lundvall.

  1. 1. The Diversification Discount in the Oil and Gas Industry: Marathon Corporation Downstream Demerger Case Study

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Nikita Lebedev Lundvall; Filip Nilsson; [2012]
    Keywords : Diversification discount; Bipartite structure; Specialization; Demerger; Marathon Oil;

    Abstract : This paper examines the success and implications of a decision by Marathon Corporation to spin-off its downstream assets from the upstream counterpart in early 2011. It is found that due to recent developments in the oil and gas industry and risk profile differences in the upstream and downstream firm, the demerger has led each firm to unlock hidden shareholder value and specialize to mitigate the effect of a diversification discount. READ MORE