دسته بندی:
مدیریت بحران - Crisis Management
سال انتشار:
2018
عنوان انگلیسی مقاله:
Effect of product and geographic diversification on company performance: Evidence during an economic crisis
ترجمه فارسی عنوان مقاله:
اثر محصول و تنوع جغرافیایی بر عملکرد شرکت: شواهد در یک بحران اقتصادی
منبع:
Sciencedirect - Elsevier - European Management Journal, Corrected proof. doi:10.1016/j.emj.2018.06.004
نویسنده:
Pablo Garrido-Prada a, *, Maria Jesús Delgado-Rodriguez b, Desiderio Romero-Jordan
چکیده انگلیسی:
Based on a novel sample of Spanish listed companies from nonfinancial sectors, we explore the effect of
product and geographic diversification on company performance during an economic downturn. The
study develops comprehensive models to understand the interaction effect of both strategies on com
pany performance. We find a U-shaped geographic diversificationeperformance relationship and no
evidence of a positive effect from product diversification, unless combined with high levels of geographic
diversification. The results show that companies improved their performance by combining these stra
tegies. The results are robust after controlling for the endogeneity of both types of diversification. Our
findings highlight that geographic diversification is an effective and valuable strategy in economic
downturns. Furthermore, this study confirms the importance of the interaction between product and
geographic diversification to determine the total effect of product or geographic diversification on
company performance.
Keywords: Product diversification ، Geographic diversification ، Company performance ، Economic crisis ، Corporate diversification strategy
قیمت: رایگان
توضیحات اضافی:
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