Analysis of the Causal Relationship Among Diversification Strategies, Financial Performance and Market Values by the Three-Stage Least Squares (3SLS)

Autor: Jia-Yu Chen, Ying-Li Lin, Kuei-Yuan Wang
Rok vydání: 2021
Předmět:
Zdroj: Innovative Mobile and Internet Services in Ubiquitous Computing ISBN: 9783030797270
IMIS
Popis: According to many studies, product diversification will benefit companies and motivate companies to carry out business diversification, including improving market competitiveness, spreading business risks and reducing ruin probabilities. In contrast to previous studies which only focus on the factors influencing diversification and the benefits of diversification, this study intends to analyze the causal relationship among diversification strategies, financial performance, and market values by the three-stage least squares (3SLS).
Databáze: OpenAIRE