多元化经营确实有可能带来企业的折价现象,而引发的原因往往是多元化经营的信息不对称及随之而来的代理冲突的激化,内部资本市场的低效运作。企业应正视多元化的信息不对称问题,促使股东与管理层签订最优契约,加强内部信息披露质量等方式缓解折价问题。 Diversification does have the potential to bring about discounts on enterprises, often resulting from asymmetric information from diversified operations and the intensification of agency conflicts that ensue, as well as the inefficient operation of internal capital markets. Enterprises should face diversified information asymmetry issues, prompting shareholders and management to sign the optimal contract, to strengthen the quality of internal information disclosure and other ways to ease the issue of discount.