Diversification strategy, efficiency, and firm performance: Insight from emerging market
| Autor: | Rayenda Khresna Brahmana, Abdul Karim Bakri, Alex Kwaku Gyan |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
050208 finance
05 social sciences Diversification (marketing strategy) Moderation Negative relationship 0502 economics and business Economics Business Management and Accounting (miscellaneous) Strategic management Performance improvement Emerging markets 050203 business & management Finance Industrial organization Panel data Financial sector |
| Zdroj: | Research in International Business and Finance. 42:1103-1114 |
| ISSN: | 0275-5319 |
| DOI: | 10.1016/j.ribaf.2017.07.045 |
| Popis: | We investigate further the inconsistencies of the diversification-performance link by introducing efficiency as moderating factor. A data of 319 firms was used to conduct a panel data analysis excluding the financial sector industries and the results show three important findings. First, industrial diversification shows a significant contribution in performance improvement while international diversification shows no effect on performance. Yet, international-conglomerate shows a significant negative relationship with performance. Meanwhile, the efficiency results are contrary to our conjecture. We find that efficiency is a factor to enhance performance, but it is not the moderating variable on the diversification-performance link. This implies that the efficiency of the firm has no connection with the link between diversification and performance. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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