Gyan, Alex Kwaku and Rayenda Khresna, Brahmana and Abdul Karim, Bakri (2017) Diversification strategy, efficiency, and firm performance : Insight from emerging market. Research in International Business and Finance. ISSN 0275-5319 (In Press)
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Abstract
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. © 2017 Elsevier B.V.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Diversification, Efficiency, Firm performance, Corporate strategy, research, Universiti Malaysia Sarawak, unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| Divisions: | Academic Faculties, Institutes and Centres > Faculty of Economics and Business Faculties, Institutes, Centres > Faculty of Economics and Business |
| Depositing User: | Ibrahim |
| Date Deposited: | 21 Sep 2017 03:46 |
| Last Modified: | 21 Jun 2022 01:07 |
| URI: | http://ir.unimas.my/id/eprint/17543 |
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