Industrial diversification and performance in an emerging market

Autor:	Yücel Emel, Önal Yıldırım Beyazıt
Jazyk:	English<br />French
Rok vydání:	2016
Předmět:	industrial diversification internal capital market agency cost return on assets Tobin’s Q Turkey Economic theory. Demography HB1-3840
Zdroj:	Panoeconomicus, Vol 63, Iss 4, Pp 441-454 (2016)
Druh dokumentu:	article
ISSN:	1452-595X 2217-2386
DOI:	10.2298/PAN1604441Y
Popis:	In this study, we investigated the relationship between industrial diversification and firm performance using a market-based performance measure and an accounting measure. We used the data of the firms listed on Borsa Istanbul during the period between 2006 and 2012. The results of the panel data indicate that there is a significant positive relationship between diversification and performance. We found that diversified firms outperformed the single firms. As is compatible with a resource-based approach, it was found that diversified firms tended to use their resources more efficiently compared to single firms.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/05245dd2d42c4ffa96e5afee75974914 Zobrazit plný text záznamu View record in DOAJ