Ownership structure impacts firm value in Indonesia's diversified firms.
The study looked at how different types of ownership affect the value of diversification strategies in Indonesian companies. They analyzed data from 2006 to 2010 and found that ownership concentration has a big impact on the value of diversification. Family firms tend to lose value when they diversify into different industries, while foreign firms lose value when they diversify internationally. This suggests that the way a company is owned can affect how successful diversification strategies are in adding value to the business.