Online citations, reference lists, and bibliographies.
← Back to Search

Antecedents And Performance Outcomes Of Diversification: A Review And Critique Of Theoretical Perspectives

Robert E. Hoskisson, M. Hitt
Published 1990 · Economics

Cite This
Download PDF
Analyze on Scholarcy
Share
Three theoretical perspectives summarize diversification antecedents and performance outcomes. The first perspective examines diversification under the assumption of relative market perfection where, within industries, firms and products are homogeneous. The second perspective discusses diversification where both market and firm imperfections are assumed to exist. The thirdperspective also assumes market andfirm imperfections, butfurther assumes imperfect governance structures such that managerial motivesfor diversification are influential. These perspectives provide different explanations of antecedent resources and incentives that encourage (or discourage) diversification. This article reviews evidence associated with each perspective concerning the relationship between diversification and firm performance and offers suggestions forfuture research based on comparisons among these alternative perspectives.
This paper references
10.5465/AMR.1985.4278118
Rational Behavior in Groups: The Free-Riding Tendency
R. Albanese (1985)
10.5465/256579
Why Do Firms Reduce Business Risk
R. Amit (1990)
10.5465/AMBPP.1989.4977789
Acquisitive Growth Strategy and Relative R&D Intensity: The Effects of Leverage, Diversification, and Size.
M. Hitt (1989)
10.1086/296300
Mergers and the Market Concentration Doctrine: Evidence from the Capital Market
B. Eckbo (1985)
10.2307/2098048
CONGLOMERATE PERFORMANCE OVER THE ECONOMIC CYCLE
C. Hill (1983)
10.1002/SMJ.4250110404
Merger Motives and Merger Prescriptions
Friedrich Trautwein (1990)
10.2307/2097958
Entropy Measure of Diversification and Corporate Growth
A. Jacquemin (1979)
10.1177/014920638801400409
A Concept of Conglomerate Diversification
R. Amit (1988)
10.1287/INTE.14.1.34
Managing Strategic Adaptation: Options in Administrative Systems Design
B. Chakravarthy (1984)
10.2307/1599216
The Structure of the Corporation
S. Kaplan (1977)
10.1002/SMJ.4250080104
Assessing international diversification of West German corporations
R. Bühner (1987)
10.5465/255394
Strategies And Structures For Diversification
R. Pitts (1977)
10.1287/MNSC.32.10.1223
What is an Attractive Industry
B. Wernerfelt (1986)
10.5465/256153
Boards of Directors, Top Management Compensation, and Shareholder Returns
J. Kerr (1987)
10.1002/SMJ.4250030411
Diversification Strategies and the Experience of Top Executives of Large Firms
J. H. Song (1982)
10.1002/SMJ.4250100306
The impact of diversification strategy on risk‐return performance
Yegmin Chang (1989)
10.1002/SMJ.4250010306
The Strategy and structure of top 100 Japanese industrial enterprises 1950–1970
Y. Suzuki (1980)
10.5465/256208
Vertical Integration and Corporate Strategy
K. R. Harrigan (1985)
10.5465/AMR.1982.4285255
Governing the Large Corporation: More Arguments for Public Directors
T. M. Jones (1982)
10.4135/9781452229805.n235
Economies of scope
J. Panzar (1981)
10.5465/256018
Diversification and Measures of Performance: Additional Empirical Evidence
Paulette Dubofsky (1987)
Do Markets Differ Much
R. Schmalensee (1984)
10.1002/SMJ.4250070104
Diversification: The growing confusion
R. Reed (1986)
10.2307/3665297
Does Business Diversification Affect Performance
A. Michel (1984)
10.5465/256417
Management-Board Relationships, Takeover Risk, and the Adoption of Golden Parachutes
H. Singh (1989)
10.1177/003803857200600101
Organizational Structure, Environment and Performance: The Role of Strategic Choice
J. Child (1972)
10.1177/014920639001600102
Industry Effects and Strategic Management Research
G. Dess (1990)
10.2139/ssrn.99580
Agency Cost of Free Cash Flow, Corporate Finance, and Takeovers
M. Jensen (1986)
10.5465/AMBPP.1988.4979378
Related or Unrelated Diversification: A Resource Based Approach.
S. Chatterjee (1988)
Strategic selection: matching executives to business conditions.
M. Gerstein (1983)
10.1177/014920638300900103
Perceptions of Managerial Power as a Consequence of Managerial Behavior and Reputation
D. Gioia (1983)
10.1002/SMJ.4250090608
CORPORATE STRATEGY AND CAPITAL STRUCTURE
Sidney L. Barton (1988)
10.5465/AMR.1982.4285261
Firm Diversity: Conceptualization and Measurement
R. Pitts (1982)
10.5465/256154
Merger Strategies and Capital Market Risk
M. Lubatkin (1987)
10.5465/AMR.1990.4308828
Corporate Restructuring: Governance and Control Limits of the Internal Capital Market
Robert E. Hoskisson (1990)
10.1177/014920638501100305
The Effect of Quantum Versus Incremental M-form Reorganization on Performance: A Time-Series Exploration of Intervention Dynamics
Robert E. Hoskisson (1985)
10.1002/SMJ.4250110408
An investigation of the relationship between board composition and stockholder suits
I. Kesner (1990)
10.1002/SMJ.4250090202
Diversification strategies, business cycles and economic performance
R. Amit (1988)
10.5465/AMR.1984.4279696
Exploring the Concept of “Fit” in Strategic Management
N. Venkatraman (1984)
10.1093/OXFORDJOURNALS.JLEO.A036883
Corporate Governance and the Board of Directors: Performance Effects of Changes in Board Composition
B. D. Baysinger (1985)
10.1002/SMJ.4250030402
Implementing the unrelated product strategy
K. N. M. Dundas (1982)
10.1002/SMJ.4250060107
Multiple point competition
Aneel Karnani (1985)
10.1111/J.1540-6261.1985.TB04945.X
The Effect of Voluntary Sell-off Announcements on Shareholder Wealth
P. C. Jain (1985)
10.1016/0148-2963(77)90022-4
Further evaluation of conglomerate performance
K. Smith (1977)
10.1016/0304-405X(88)90048-7
Management Ownership and Market Valuation: An Empirical Analysis
R. Morck (1988)
10.5465/AME.1987.4275817
Managing corporate culture through reward systems
J. Kerr (1987)
10.1111/J.1540-6261.1970.TB00553.X
Diversification, Portfolio Analysis and the Uneasy Case for Conglomerate Mergers
H. Levy (1970)
10.5465/256418
Effects of Ownership Structure and Control on Corporate Productivity
C. Hill (1989)
10.5465/256010
SBU Strategies, Corporate-SBU Relations, and SBU Effectiveness in Strategy Implementation
A. Gupta (1987)
10.1002/MDE.4090060404
Internal organization and enterprise performance: Some UK evidence
C. Hill (1985)
10.1002/SMJ.4250030407
Diversification strategy and profitability
R. Rumelt (1982)
10.1002/SMJ.4250060305
Diversification strategy, profit performance and the entropy measure
K. Palepu (1985)
10.1002/SMJ.4250050208
Diversification strategy and systematic risk
C. Montgomery (1984)
10.1002/SMJ.4250080405
The industry context of strategy, structure and performance: The U.K. brewing industry
G. Johnson (1987)
10.1287/MNSC.31.2.134
Control: Organizational and Economic Approaches
K. Eisenhardt (1985)
10.1002/SMJ.4250100603
Research on corporate diversification: A synthesis
V. Ramanujam (1989)
10.1002/SMJ.4250100711
Top management tenure, corporate ownership structure and the magnitude of golden parachutes
H. Singh (1989)
10.1111/J.1540-6261.1971.TB00912.X
A PURE FINANCIAL RATIONALE FOR THE CONGLOMERATE MERGER
W. Lewellen (1971)
10.1002/MDE.4090060103
Organizational capital and the choice between specialization and diversification
Michael Gort (1985)
10.1002/SMJ.4250100105
Global diversification strategy and corporate profit performance
W. Kim (1989)
Mergers, sell-offs, and economic efficiency
D. Ravenscraft (1987)
10.5465/AMR.1986.4306261
Organizational Culture: Can It Be a Source of Sustained Competitive Advantage?
J. Barney (1986)
10.5465/255931
A Comparison of Diversifying and Nondiversifying Australian Industrial Firms
Fred M. McDougal (1984)
10.1111/J.1540-6261.1989.TB02639.X
Corporate bankruptcy and managers' self-serving behavior
Claudio Loderer (1989)
10.1016/0167-2681(82)90003-8
Towards an economic theory of the multiproduct firm
D. Teece (1982)
10.5465/AMBPP.1987.17533734
The Concept of Fit in Strategy Research: Towards Verbal and Statistical Congruence.
N. Venkatraman (1987)
10.1177/014920639001600105
Diversification and Business Economic Performance Revisited: Issues of Measurement and Causality
Barbara W. Keats (1990)
10.1007/978-1-349-02515-2
The Emerging European Enterprise
Gareth P. Dyas (1976)
10.2307/2391807
The Move Toward a Multidivisional Structure in European Organizations
L. Franko (1974)
10.2307/2098202
Internal Organization and Profit: A Note [Internal Organization and Profit: An Empirical Analysis of Large UK Companies]
R. Thompson (1981)
10.5465/AMR.1987.4306479
Corporate Strategy: Useful Perspective for the Study of Capital Structure?
Sidney L. Barton (1987)
10.1111/J.1540-6261.1985.TB05006.X
Ripoffs, Lemons, and Reputation Formation in Agency Relationships: A Laboratory Market Study
D. DeJong (1985)
10.1016/S0024-6301(96)90295-2
The theory of the growth of the firm
E. Penrose (1980)
10.1016/0167-7187(83)90022-X
Hierarchies and markets: An empirical test of the multidivisional hypothesis in West Germany
J. Cable (1983)
10.1007/978-1-349-01995-3
The strategy and structure of British enterprise
D. Channon (1973)
10.5465/256121
The Composition of Boards of Directors and Incidence of Golden Parachutes
Philip L. Cochran (1985)
The Misuse of Accounting Rates of Return: Comment
W. Long (1984)
10.5465/256066
Diversification Strategies and Managerial Rewards: An Empirical Study
J. Kerr (1985)
10.1002/SMJ.4250020406
Performance differences in related and unrelated diversified firms
R. Bettis (1981)
10.5465/amr.1985.4279113
Advances in Applied Business Strategy
C. Stubbart (1984)
10.1108/EB038932
THE KEY TO SUCCESSFUL ACQUISITIONS
M. Allen (1981)
10.5465/AMR.1990.4308231
The Composition of Boards of Directors and Strategic Control: Effects on Corporate Strategy
B. D. Baysinger (1990)
10.5465/256355
Effects of Board Demography and Directors' Incentives on Corporate Greenmail Decisions
R. Kosnik (1990)
10.5465/256370
Diversification, Systematic Risk, and Shareholder Return: A Capital Market Extension of Rumelt's 1974 Study
M. Lubatkin (1989)
10.5465/AMR.1983.4284379
Modern Financial Theory, Corporate Strategy and Public Policy: Three Conundrums
R. Bettis (1983)
10.2307/2098201
INTERNAL ORGANIZATION AND ECONOMIC PERFORMANCE: AN EMPIRICAL ANALYSIS OF THE PROFITABILITY OF PRINCIPAL FIRMS*
D. Teece (1981)
10.1287/MNSC.32.10.1231
Strategic Factor Markets: Expectations, Luck, and Business Strategy
J. Barney (1986)
10.1086/259000
Mergers and the Market for Corporate Control
H. Manne (1965)
10.5465/256281
Diversification and Performance: A Reexamination using A New Two-Dimensional Conceptualization of Diversity in Firms
P. Varadarajan (1987)
10.5465/255992
The Measurement of Firm Diversification: Some New Empirical Evidence
C. Montgomery (1982)
10.2307/3003100
Corporate diversification and market structure
C. H. Berry (1974)
10.2307/2229275
Diversification and Integration in American Industry.
A. Silberston (1962)
10.1080/00036848000000030
Conglomerate diversification and performance: a survey and time series analysis
D. Beattie (1980)
10.5465/256460
A Causal Model of Linkages Among Environmental Dimensions, Macro Organizational Characteristics, and Performance
Barbara W. Keats (1988)
10.2307/1914185
Prospect theory: analysis of decision under risk
D. Kahneman (1979)
多角化戦略,収益性業績,エントロピー測度
K. Palepu (1985)
10.1086/260832
The Volatility of Long-Term Interest Rates and Expectations Models of the Term Structure
R. Shiller (1979)
10.1016/0148-2963(87)90002-6
The effect of the degree of ownership control on firm diversification, market value, and merger activity
William P. Lloyd (1987)
10.2307/1924473
A Further Evaluation of the Effect of Diversification on Industry Profit Performance
S. Rhoades (1974)
10.1007/978-1-349-81732-0
The economic theory of "managerial" capitalism
R. Marris (1964)
10.1111/J.1540-6261.1985.TB05004.X
Does the Stock Market Overreact
W. D. Bondt (1985)
10.1177/0021886388242002
The Vertical Construct Validity of Business Economic Performance Measures
Barbara W. Keats (1988)
10.1111/J.1540-6261.1985.TB05012.X
Risky Debt, Investment Incentives, and Reputation in a Sequential Equilibrium
K. John (1985)
10.1108/EB038967
CHOOSING THE RIGHT MANAGER TO FIT THE STRATEGY
Milton Leontiades (1982)
10.5465/AMR.1984.4277347
Strategic Management and Determinism
L. J. Bourgeois (1984)
10.1177/001872678503800807
Strategy, Contextual Factors, and Performance
M. Hitt (1985)
10.5465/AMBPP.1987.17533710
Multidivisional Structure and Performance: The Diversification Strategy Contingency.
Robert E. Hoskisson (1987)
10.1111/J.1540-6261.1971.TB00928.X
TESTS OF THE EFFICIENCY PERFORMANCE OF CONGLOMERATE FIRMS
J. F. Weston (1971)
10.1002/SMJ.4250080407
Corporate acquisition strategies and economic performance
H. Singh (1987)
Strategy, structure, and economic performance
R. Rumelt (1974)
10.2307/3003575
Risk Reduction as a Managerial Motive for Conglomerate Mergers
Y. Amihud (1981)
10.1111/J.1540-6261.1973.TB01781.X
The Performance of Conglomerate Firms: Recent Risk and Return Experience
R. W. Melicher (1973)
10.5465/256498
Directors' Characteristics and Committee Membership: An Investigation of Type, Occupation, Tenure, and Gender
I. Kesner (1988)
Managing The Unmanageable: Strategies For Success Within The Conglomerate
Milton Leontiades (1986)
10.1002/SMJ.4250080105
Merger strategies and stockholder value
M. Lubatkin (1987)
10.1002/MDE.4090090102
Corporate control and management compensation: Evidence on the agency problem
Edward A. Dyl (1988)
10.1017/CBO9780511609220.014
Prospect theory: An analysis of decision under risk Econometrica 47
D. Kahneman (1979)
10.2307/3003615
Organizational Structure and Economic Performance: A Test of the Multidivisional Hypothesis
Henry Ogden Armour (1978)
10.2307/2392666
Organizational Adaptation: Strategic Choice and Environmental Determinism.
L. G. Hrebiniak (1985)
10.1016/0090-2616(81)90010-3
Matching corporate culture and business strategy
H. Schwartz (1981)
10.1111/J.1467-6486.1987.TB00444.X
STRATEGY AND STRUCTURAL ADJUSTMENT TO REGAIN FIT AND PERFORMANCE: IN DEFENCE OF CONTINGENCY THEORY
L. Donaldson (1987)
10.2307/1926989
The Effect of Diversification on Industry Profit Performance in 241 Manufacturing Industries: 1963
S. Rhoades (1973)
10.1287/ORSC.1.1.87
Collaboration or Paradigm Shift?: Caveat Emptor and the Risk of Romance with Economic Models for Strategy and Policy Research
P. Hirsch (1990)
10.5465/AMR.1990.4308277
Causal Ambiguity, Barriers to Imitation, and Sustainable Competitive Advantage
R. Reed (1990)
10.2307/1249871
Conglomerate Enterprise and Public Policy
H. G. Wales (1974)
10.2307/2989894
The Decoupling of CEO Pay and Performance: An Agency Theory Perspective
H. Tosi (1989)
10.1002/SMJ.4250090106
Corporate diversity and economic performance: The impact of market specialization
N. Capon (1988)
10.1086/466714
Corporate Growth and Diversification
C. H. Berry (1971)
10.5465/AMR.1987.4307949
Strategy and Structure in the Multiproduct Firm
C. Hill (1987)
10.1002/SMJ.4250090610
On 'Dominant Logic', Relatedness and the Link between Diversity and Performance
R. Grant (1988)
10.1016/S0378-4266(86)80029-2
Conglomerate mergers, managerial motives and stockholder wealth
Y. Amihud (1986)
10.1111/J.1540-6261.1970.TB00518.X
EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*
Eugene F. Fama (1970)
10.2307/2230180
Mergers, Managers and the Economy.
E. Nevin (1969)
10.2139/ssrn.173455
Takeovers: Their Causes and Consequences
M. Jensen (1988)
10.1002/SMJ.4250070203
Types of Synergy and Economic Value: The Impact of Acquisitions on Merging and Rival Firms
S. Chatterjee (1986)
10.2307/1058319
Incentives for Diversification and the Structure of the Conglomerate Firm
W. Marshall (1984)
10.1007/978-1-349-20317-8_17
From Competitive Advantage to Corporate Strategy
M. Porter (1989)
10.5465/255895
Managerial Control, Performance, and Executive Compensation
L. Gomez-Mejia (1987)
10.2307/2098561
Strategy, Structure and Performance of Korean Business Groups: A Transactions Cost Approach
S. Chang (1988)
10.1002/SMJ.4250090607
Strategic Control Systems And Relative R&D Investment
England. Hoskisson Hants (1988)
10.2307/3665697
Conglomerates in the 1980s: A Performance Appraisal
W. Lee (1989)
Tax reform and the merger and acquisition market: the repeal of General Utilities
Charles Steindel (1986)
10.1002/SMJ.4250090206
Transaction cost analysis of strategy‐structure choice
G. Jones (1988)
10.5465/AMR.1987.4306496
Congruence, Contingency, and Theory Building
L. W. Fry (1987)
Tobin's q and the Importance of Focus in Firm Performance
B. Wernerfelt (1988)
10.1109/EMR.1975.4306431
Production, Information Costs, and Economic Organization
A. Alchian (1975)
10.2307/2393124
Greenmail: A Study of Board Performance in Corporate Governance
R. Kosnik (1987)
10.1177/014920639001600103
Relationships Between Type of Acquisition, The Autonomy Given to the Acquired Firm, and Acquisition Success: An Empirical Analysis
D. K. Datta (1990)
10.2307/41165241
Pension Funds and Contests for Corporate Control
James E. Heard (1987)
10.1002/SMJ.4250020402
Corporate economic performance: Diversification strategy versus market structure
H. K. Christensen (1981)
The Validity of Studies with Line of Business Data: Reply [The Validity of Profits-Structure Studies with Particular Reference to the FTC's Line of Business Data]
G. Benston (1985)
10.2307/2555398
Ability, moral hazard, firm size, and diversification
D. Aron (1988)
战略与结构 : 美国工商企业成长的若干篇章=strategy and structure : chapters in the history of the American industrial enterprise
A. D. Chandler (1962)
10.1007/978-1-349-20317-8_13
The Risky Business of Diversification
R. Biggadike (1979)
10.1111/J.1467-6486.1986.TB00425.X
RELATIONSHIPS AMONG CORPORATE LEVEL DISTINCTIVE COMPETENCIES, DIVERSIFICATION STRATEGY, CORPORATE STRUCTURE AND PERFORMANCE
M. Hitt (1986)
10.1002/SMJ.4250050207
A Resource-Based View of the Firm
B. Wernerfelt (1984)
10.1016/0304-405X(89)90008-1
Tax attributes as determinants of shareholder gains in corporate acquisitions
Carla Hayn (1989)
10.5465/256364
Diversification Strategy and R&D Intensity in Multiproduct Firms
B. D. Baysinger (1989)
10.1016/0304-405X(83)90010-7
THE RATIONALE BEHIND INTERFIRM TENDER OFFERS Information or Synergy
Michael Bradley (1983)
10.1002/SMJ.4250100202
DIVERSIFICATION STRATEGY AND INTERNATIONALIZATION: IMPLICATIONS FOR MNE PERFORMANCE
J. M. Geringer (1989)
10.1016/0165-4101(85)90036-9
Golden parachutes, executive decision-making, and shareholder wealth
R. Lambert (1985)
10.1287/MNSC.30.9.1031
An Empirical Test of Value-Based Planning Models and Implications
C. Y. Woo (1984)
10.2307/2232275
Corporate Control, Corporate Power
Edward S. Herman (1981)
10.1111/J.1540-6261.1981.TB00441.X
The Use of Volatility Measures in Assessing Market Efficiency
R. Shiller (1980)
Corporate diversification patterns, division autonomy and corporate performance
Charles I. Stubbart (1983)
10.1108/EB038952
WHAT THE CORPORATION SHOULD PROVIDE ITS BUSINESS UNITS
Boris Yavitz (1982)
10.5465/AMBPP.1989.4977902
Caveats Concerning Application of the Capital Asset Pricing Model in the Strategic Management Concept.
Benjamin M. Oviatt (1989)
The Validity of ROI as a Measure of Business Performance
R. Jacobson (1987)
10.5465/AMR.1987.4307964
Implementing Internal Diversification: Contingency Factors for Organization Design Choices
Robert K. Kazanjian (1987)
10.1177/014920638901500208
Boards of Directors and Corporate Financial Performance: A Review and Integrative Model
S. Zahra (1989)
10.5465/256237
Product-Market Diversification and Market Power
C. Montgomery (1985)
Corporate Capital Investment: A Behavioral Approach
P. Bromiley (1986)
10.1002/MDE.4090100209
Agency, corporate control and accounting methods–the lifo‐fifo choice
Edward A. Dyl (1989)
10.5465/256503
Diversification Strategy and Systematic Risk: Another Look
Sidney L. Barton (1988)
Mean-Risk Analysis with Risk Associated with Below-Target Returns
P. Fishburn (1977)
10.1002/MDE.4090080206
Uncertainty and synergy: Towards a formal model of corporate strategy
N. M. Kay (1987)
10.2307/2098115
INTERNAL ORGANIZATION AND PROFIT: AN EMPIRICAL ANALYSIS OF LARGE U.K. COMPANIES
Peter S. Steer (1978)
10.1086/296325
The Hubris Hypothesis of Corporate Takeovers
R. Roll (1986)
10.5465/256224
Performance, Slack, and Risk Taking in Organizational Decision Making
J. Singh (1986)
10.2307/256338
DIVERSITY, DIVERSIFICATION, AND PROFITABILITY AMONG BRITISH MANUFACTURING COMPANIES, 1972-84
R. Grant (1988)
10.2307/257766
Coffin nails and corporate strategies
D. Jacobs (1982)
10.5465/AMR.1984.4279658
Contingency Linkages Between Strategy and General Manager Characteristics: A Conceptual Examination
A. Gupta (1984)
The Concept of Fit in Contingency Theory.
A. V. D. Ven (1984)
10.1111/J.1540-6261.1987.TB04569.X
Further Evidence On Investor Overreaction and Stock Market Seasonality
W. D. Bondt (1987)
10.2307/2098553
Internal Capital Market Controls and Financial Performance in Multidivisional Firms
C. Hill (1988)
On the Misuse of Accounting Rates of Return to Infer Monopoly Profits
F. Fisher (1983)
10.1287/ORSC.2.3.296
Managerial Risk Taking in Diversified Firms: An Evolutionary Perspective
Robert E. Hoskisson (1991)
10.1080/00014788.1980.9728746
Divisionalisation in British Industry: a Preliminary Study
M. Ezzamel (1980)
10.2307/2325977
Industrial Market Structure and Economic Performance.
H. M. Mann (1971)
10.5465/256152
Multidivisional Structure and Performance: The Contingency of Diversification Strategy
Robert E. Hoskisson (1987)
10.1002/SMJ.4250080210
Product diversification, performance criteria and compensation at the corporate manager level
N. K. Napier (1987)
10.1002/SMJ.4250100505
Global corporate competition: Who's winning, who's losing, and the R&D factor as one reason why
L. Franko (1989)
10.1111/J.1540-6261.1975.TB03162.X
CORPORATE BANKRUPTCY AND CONGLOMERATE MERGER
R. C. Higgins (1975)
10.1097/00006216-198400830-00014
In Search of Excellence
T. J. Peters (1982)
10.2307/1924562
Conglomerate Performance Using the Capital Asset Pricing Model
J. F. Weston (1972)
10.1111/J.1540-6261.1987.TB03920.X
The Effect of Long-term Performance Plans on Corporate Sell-Off-Induced Abnormal Returns
H. Tehranian (1987)
10.1002/SMJ.4250090708
Returns to bidding firms in mergers and acquisitions: Reconsidering the relatedness hypothesis
J. Barney (1988)
10.1002/SMJ.4250110402
Corporate mergers, stockholder diversification, and changes in systematic risk
S. Chatterjee (1990)
Managing Diversity and Interdependence
Jay W. Lorsch (1973)
10.2307/2328825
Knights, Raiders, and Targets: The Impact of the Hostile Takeover
J. Coffee (1990)
10.1002/SMJ.4250070602
The dominant logic: A new linkage between diversity and performance
C. Prahalad (1986)
10.5465/256499
Attitudes Toward Risk and The Risk–Return Paradox: Prospect Theory Explanations
A. Fiegenbaum (1988)
10.1016/0167-7187(83)90020-6
Managerialism revisited in the light of bargaining-game theory
M. Aoki (1983)
10.5465/256301
Testing a Causal Model of Corporate Risk Taking and Performance
P. Bromiley (1991)
10.1016/0304-405X(88)90041-4
Corporate financial policy and corporate control: A study of defensive adjustments in asset and ownership structure
Larry Y. Dann (1988)
10.1177/031289627900401S01
Some Elements of Organisational Control in Australian Divisionalised Firms
R. H. Chenhall (1979)
10.1016/0167-2681(80)90002-5
ECONOMIES OF SCOPE AND THE SCOPE OF THE ENTERPRISE
D. Teece (1980)
10.5465/AMR.1984.4277628
Upper Echelons: The Organization as a Reflection of Its Top Managers
D. Hambrick (1984)
10.1002/SMJ.4250090605
External control, corporate strategy, and firm performance in research‐intensive industries
C. Hill (1988)
10.1108/EB038945
Assigning managers on the basis of the life cycle
Jeffrey Kerr (1982)
10.1016/0304-405x(76)90026-x
Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
M. Jensen (1976)
10.1002/SMJ.4250060307
Corporate distinctive competence, strategy, industry and performance
M. Hitt (1985)
10.5465/AMR.1984.4277370
Matching Managers to Strategies: A Review and Suggested Framework
A. D. Szilagyi (1984)
10.1111/J.1540-6261.1989.TB04381.X
Management Buyouts: Evidence on Taxes as a Source of Value
S. Kaplan (1989)
10.1111/J.1467-6486.1989.TB00727.X
CEO Experience and Diversification Strategy Fit
R. Reed (1989)



This paper is referenced by
10.5465/AMR.2008.33665204
Toward Unlocking The Full Potential of Acquisitions: The Role of Organizational Restructuring
H. Barkema (2008)
Productivity and firm performance : Evidence of Iranian unprofitable firms
B. Banimahd (2012)
Implementation of diversification strategy at the Standard Group (K) Limited
S. M. Mwangi (2010)
Impact of diversification strategy on capital structure, systematic risk and corporate performance in Indian context
Rishi Manrai (2015)
10.25777/gnfm-5r35
The Effects of Corporate Diversification and Control on Division Risk-Taking Strategy and Performance
Hae Ryong Kim (1998)
LAS ESTRATEGIAS CORPORATIVAS Y LOS RESULTADOS EMPRESARIALES: UN ANÁLISIS POR TIPO DE ESTRATEGIA CORPORATIVA Y SECTOR INDUSTRIAL EN ESPAÑA *
P. Riveros (2008)
10.1057/9780230510258
Networks and Location
A. Goerzen (2005)
10.2139/SSRN.623182
Is There an Association Between Corporate Governance and Firm Diversification? An Empirical Study with Brazilian Companies
Wesley Mendes-Da-Silva (2004)
10.1108/14757700610646943
R&D strategy and stock price volatility in the biotechnology industry
B. Xu (2006)
10.5465/256772
Extending modern portfolio theory into the domain of corporate diversification: Does it apply?
M. Lubatkin (1994)
10.1002/SMJ.1940
Technology and Corporate Scope: Firm and Rival Innovation as Antecedents of Corporate Transactions
A. Kaul (2012)
10.1111/ecot.12082
Diversification Strategies and Firm Performance in Vietnam
E. Santarelli (2016)
10.4067/S0718-33052009000100005
CONSTRUCCIÓN Y APLICACIÓN DE UNA FORMA DE MEDIDA DE LA DIVERSIFICACIÓN EMPRESARIAL CONSTRUCTION AND APPLICATION OF A MEASURE FORM OF THE MANAGERIAL DIVERSIFICATION
P. Riveros (2009)
10.1109/TEM.2011.2170690
Bringing Emerging Technologies to Market: Does Academic Research Promote Commercial Exploration and Exploitation?
Linda F. Tegarden (2012)
The influential factors on the relationship between diversification strategies and firm performance : a study of Chinese publicly-traded tourism firms
Chen Zheng (2019)
10.5465/AME.2003.10954716
Business groups and their corporate strategies on the Argentine roller coaster of competitive and anti-competitive shocks
A. Carrera (2003)
SUSTAINING COMPETITIVE ADVANTAGE: TEMPORAL DYNAMICS
(1998)
10.2139/ssrn.904983
Determinants of Financial Performance of Indian Corporate Sector in the Post-Liberalization Era: An Exploratory Study
R. K. Kakani (2001)
10.1016/J.BUSHOR.2005.05.006
Spotlight on strategic management
M. Hitt (2005)
10.2139/ssrn.2870998
Political Connections and Business Strategy in Dynamic Environments: How Types and Destinations of Political Ties Affect Business Diversification in Closed and Open Political Economic Contexts
Ishtiaq P. Mahmood (2016)
10.1142/9789813140318_0009
How do ICT firms in Turkey manage innovation? Diversity in expertise versus diversity in markets
S. Akçomak (2013)
10.1080/10696679.1998.11501787
Generalizing Diversification Theory across Economic Sectors: Theoretical and Empirical Considerations
Jule B. Gassenheimer (1998)
Diversification Linkage Model and Firm Performance: A Literature Review
Yuliani Yuliani (2013)
10.22495/cocv5i1c4p2
BOARDS AND DIVERSIFICATION STRATEGY: EVIDENCE FROM THE SPANISH SAVINGS BANKS SECTOR
M. García-Soto (2007)
10.4018/JECO.2019070101
An Integrated Approach to Performance Evaluation of Enterprise Resource Planning (ERP) System Implementation
Paweena Wanchai (2019)
10.2139/ssrn.2951411
Corporate Diversification and Innovation: Managerial Myopia or Inefficient Internal Capital Markets?
Peter G. Klein (2017)
RESOURCE REDEPLOYMENT AND ACQUISITION PERFORMANCE IN DOMESTIC AND CROSS-BORDER ACQUISITIONS
J. Anand (1999)
10.5465/256320
Measurement of Firm Diversification: Is It Robust?
S. Chatterjee (1992)
10.1080/09652549400000001
Differences in marketing strategies and operating efficiencies in surviving and failed organizations
G. O'Connor (1994)
10.1080/08985626.2017.1413775
Resource bricolage and growth of product and market scope in social enterprises
Misagh Tasavori (2018)
10.1108/17506141211259140
The diversification effects of a firm's political connection and its performance implications: Evidence from China
Xinming Deng (2012)
10.1016/J.JWB.2011.04.016
The liability of closeness: Business relatedness and foreign subsidiary performance
Jianyun Tang (2012)
See more
Semantic Scholar Logo Some data provided by SemanticScholar