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 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 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 Industry Profit Performance written by Stephen A. Rhoades and published by . This book was released on 1971 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Further Evaluation of the Effect of Diversification on Industry Profit Performance written by Stephen A. Rhoades and published by . This book was released on 1974* with total page 8 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 A STUDY ON THE EFFECTS OF DIVERSIFICATION ON FIRM PERFORMANCE IN US written by WONG JO ANNE (TP026120) and published by . This book was released on 2013 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Purposive Diversification and Economic Performance written by John T. Scott and published by Cambridge University Press. This book was released on 1993-06-25 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines product-line diversification of large manufacturing firms. It introduces and applies methodology that discerns groups of manufacturing industries related by complementarities in production, marketing, distribution, and research and development activities. Manufacturing firms intentionally vary production to exploit these complementarities, and Professor Scott uses evidence from U.S. manaufacturing to explore hypotheses about such purposive diversification and ensuing economic performance, including product diversification's effects on both static efficiency and the optimality of R&D investment. This study yields new perspectives on the policy debate about cooperation versus competition among firms: will industrial performance be better if leading firms cooperate on research, production, and marketing? Professor Scott shows that the answers depend on circumstances that vary with different industrial environments. His analysis offers insights about business strategy and public policy toward business combinations in conglomerate, vertical, and horizontal mergers and in cooperative R&D ventures.

Download or read book Diversification Industry Dynamism and Economic Performance written by Matthias Knecht and published by Springer Science & Business Media. This book was released on 2013-07-01 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: ​The decision to diversify lies at the core of corporate strategy and is one of the most important decisions for top management. Matthias Knecht introduces a new perspective on corporate diversification that extends the academic discussion and reveals substantial new insights with regards to one of the most pressing questions in strategic management: what makes a diversification strategy successful? The author introduces the dynamism of industries as the dominant force in the firm’s environment that influences the organization on all levels. Due to strategic, organizational, and managerial similarities of businesses competing in similar dynamic environments, synergistic benefits and superior economic performance can be realized through the combination of dynamic-related businesses in the corporate portfolio. This study provides a quantitative, multidimensional operationalization of industry dynamism and an in-depth assessment of the dynamism of a wide range of industries. At the core of the study lies the investigation of the performance impact of dynamic-related diversification strategies. The results provide new insights into successful portfolio construction strategies in the face of today’s dynamic environments.

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 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 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 Journal of Electronic Commerce in Organizations JECO written by and published by . This book was released on 2009 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Research in the Sociology of Organizations Professional service firms written by Michael Lounsbury and published by . This book was released on 1988 with total page 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 The Effect of Diversification on Firm Performance in Emerging Markets written by Anqi Shi and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, diversification has become a common strategy used by companies in emerging markets. It is believed that diversification operations could help firms get better performance and gain higher profits from a larger internal market. However, contradictory results reveal that diversification empirically hurts firm value and other studies show the relationship between diversification and firm performance is complicated that should be studied in separate industries. The opinion is inconclusive on this topic. This study developed a performance index to see how diversification impact on various perspectives of firm performance. Conclusions as follow. International diversification has a positive correlation with firm performance in several aspects whereas industrial diversification helps firms' developing ability. However, due to the unavailability of long-term data, we can not rule out the possibility that well-performed firms go for international diversification. Besides, The relationship between diversification and firm performance affected by different industries. The agricultural and natural resource firms tend to exceed manufacturing firms in the efficiency aspects whereas manufacturing companies tend to have advantages in the sustainability aspect compared to service firms. There is also evidence showing that the largest shareholders' holdings rates have a positive impact on firm performance and state-owned rate has a negative relation with firm performance.

Download or read book Revisiting Risk Weighted Assets written by Vanessa Le Leslé and published by International Monetary Fund. This book was released on 2012-03-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we provide an overview of the concerns surrounding the variations in the calculation of risk-weighted assets (RWAs) across banks and jurisdictions and how this might undermine the Basel III capital adequacy framework. We discuss the key drivers behind the differences in these calculations, drawing upon a sample of systemically important banks from Europe, North America, and Asia Pacific. We then discuss a range of policy options that could be explored to fix the actual and perceived problems with RWAs, and improve the use of risk-sensitive capital ratios.