Download or read book Revisiting Diversification and Performance Relationship written by Weichu Xu and published by . This book was released on 2016 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: The diversification-performance relationship has been the hot subject of extensive studies for past 30 years. But the studies about the product diversification and performance relationship produced mixed results. In this paper, we integrate the transaction cost theory with the resource-based view together to explain this relationship for the firms from developed countries in past 15 years. Using cross-sectional time-series regression model to analyze a sample of 19,890 firm-years data from firms in Europe, US and Japan during the period from 1991 and 2004, we found that product diversification is negatively related to firm's performance. The result also shows that different industries and different countries have no statistically significant effects on this relationship but some years have effects on this relationship.

Download or read book The Effect of Diversification on Performance Revisited written by Juan Santaló and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we argue conceptually and show empirically that the effect of diversification on performance is not homogeneous across industries, as previously assumed in the literature on diversification in strategy and finance. Some industries may be more friendly environments for diversified firms than for specialists, or vice versa. After replicating the main findings in finance and strategy, we show that the number of specialists in an industry is an important moderator of the diversification-performance relationship, which determines the existence of a diversification discount, a premium, or the curvilinear relationship frequently found in strategy research. The results are robust to the use of different specifications and control for the self-selection problem detected by recent research on the diversification discount.

Download or read book Diversification Relatedness and Performance written by Frithjof Pils and published by Springer Science & Business Media. This book was released on 2009-04-09 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: Frithjof Pils uses multiple statistical techniques to examine the true nature of the relationships between diversification strategies and accounting-based, market-based, and growth-based performance. The author shows implications for the interpretation of past research, the design of future research including the use of meta-analysis methodologies, as well as management practice.

Download or read book The Effect of Diversification on Performance Revisited written by Juan Santaló Mediavilla and published by . This book was released on 2004 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book UK Diversification Strategies and Performance written by Geoff Mallory and published by . This book was released on 1997 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Analysis of the Relationship Between International Diversification Product Diversification Firm Resources and Firm Performance written by Nejat Capar and published by . This book was released on 2003 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Variability in the Diversification performance Relationship Across Industry Structures written by Kenneth D. Pritsker and published by . This book was released on 1987 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Variability in the Diversification performance Relationship Across Different Industry Structures written by Kenneth David Pritsker and published by . This book was released on 1987 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Real Types of Diversification Strategies An Analysis of different Types of Relatedness in German Companies written by Kai Hanitsch and published by GRIN Verlag. This book was released on 2010-03-23 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diplomarbeit aus dem Jahr 2008 im Fachbereich BWL - Unternehmensführung, Management, Organisation, Note: 1,7, Handelshochschule Leipzig gGmbH, Sprache: Deutsch, Abstract: On corporate level main strategic decisions involve the question which businesses are to be pursued and which to be neglected, i.e. how the portfolio of businesses is designed. The ultimate goal is a value adding business portfolio. This added value arises from synergies among the businesses and the role of the corporate center. In the case of success this would lead to a conglomerate premium in terms of company value. Corporate managers are generally very free in deciding what businesses they want to add to their portfolio and which to divest. This raises two questions: one regarding the type of businesses in a portfolio and the other regarding the optimal size of a portfolio. The term diversification deals with both questions: it describes how broad and how diverse a company‟s business portfolio is. On the one hand it can be very narrow or focused in a barely diversified company, on the other it can be very broad in a highly diversified company. Three forms of diversification strategies are commonly distinguished: focused, relational and conglomerate diversification. Many researchers in the field of strategic management have dealt with the question of diversification and the pros and cons involved. Yet there is no clear hint on superior performance of certaint diversification strategies. Rather success stories for many forms can be told. Further findings indicate: not the degree of diversification is relevant for success but the relatedness among strategic business units. Portfolios of somehow related SBUs perform better than those completely unrelated. Success is explained by the ability to transfer core competencies (“resources”) among the business units of a company. Yet relatedness is a manifold concept. Two main types have to be distinguished: relatedness on the level of products and processes and on the level of management requirements. But which type of relatedness is the most promising in terms of superior company performance? Since earlier research work is insufficient to fully explain the phenomenon of diversification further research is indicated. This especially applies to German conglomerates since most research work focused on US firms mainly. The thesis at hand constitutes one part of that proceeding research. Its aim is to gain further insights on diversification and relatedness by empirically identifying and exploring real types of relatedness and their respective diversification strategies.

Download or read book The Effects of Prior Performance on the Choice Between Related and Unrelated Acquisitions written by Choelsoon Park and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whereas a majority of previous research in the diversification literature has focused on the performance consequences of diversification strategy, this paper examines the reverse relationship, that is, the effects of a firm's prior performance on the choice between related and unrelated diversification. This paper empirically tests and confirms the view that there are systematic performance differences between firms diversifying into related businesses and firms diversifying into unrelated businesses. These findings imply that performance differences between related and unrelated diversifiers, often reported in previous research, are largely attributable to these performance differences, not to diversification strategy per se.

Download or read book Diversification Refocusing and Economic Performance written by Constantinos Markides and published by MIT Press. This book was released on 1995 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines the causes and consequences of the "refocusing" phenomenon, where companies have stopped diversifying and begun focusing once more on their core product lines. Coverage includes a discussion of the effects of refocusing on market value, profitability and organizational structure.

Download or read book An Analysis of the Relationships Between International Diversification Product Diversification Firm Resources and Firm Performance written by Nejat Capar and published by . This book was released on 2003 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Uncertainty Governance Choice Puzzle Revisited written by Franziska König and published by Springer Science & Business Media. This book was released on 2009-06-20 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Franziska König examines the anatomy of uncertainty-governance choice relationships from different theoretical angles, including transaction costs economics, resource-based theory, and real options theory. The book provides, furthermore, comprehensive empirical insights both from secondary data examined with a “vote-counting” analysis as well as from primary data, collected through a “policy-capturing” study.

Download or read book The Gains from International Diversification Revisited written by Patrick F. Rowland and published by . This book was released on 1997 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Structural Inertia Revisited written by Heather A. Haveman and published by . This book was released on 1990 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Handbook of Research on Strategic Leadership in the Fourth Industrial Revolution written by Zeki Simsek and published by Edward Elgar Publishing. This book was released on 2024-07-05 with total page 599 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pioneering Handbook surveys the research landscape of strategic leadership in what is referred to as the ‘Fourth Industrial Revolution’: a fusion of technologies and systems which blurs the boundaries between the digital, physical and biological spheres.

Download or read book The Performance of Diversifying Firms Revisited written by Juan Otero Serrano and published by . This book was released on 2008 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: