期刊
GLOBAL BUSINESS REVIEW
卷 14, 期 1, 页码 1-23出版社
SAGE PUBLICATIONS LTD
DOI: 10.1177/0972150912466363
关键词
Business groups; related diversification; unrelated diversification; firm performance; emerging economies
类别
While many scholars have examined the business group affiliation-performance relationship, very few have examined the role that industry and diversification (related versus unrelated) strategy plays in this focal relationship (Carney et al., 2011). I provide empirical evidence that the effect of diversified business groups on the performance of affiliated firms is dependent on (a) the industry to which the firm belongs and (b) the type of diversification strategy followed by the group. I have found that in the chemical and allied products industry, the return on total assets (ROA) of firms has a negative relationship with unrelated diversification, while it has a positive relationship in the transportation equipment industry. However, with related diversification, ROA of firms in the chemical and allied products industry has a positive relationship, while it has a negative relationship with firms in the transportation equipment industry.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据