The conglomeratediscount is far bigger in America and western Europe than in Asian and emerging economies.
ECONOMIST: Breaking up companies is back in fashion
2.
Despite these improvements, GBL's stock suffers from a wider-than-average conglomeratediscount.
FORBES: The World's Best Conglomerates
3.
Even so, this year's surge in spin-offs and the rise in the conglomeratediscount certainly suggest that new diversifications are likely to be far outweighed by corporate break-ups.
ECONOMIST: Breaking up companies is back in fashion