The Impact of Geographic Diversification on Firm Performance

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Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Impact of Geographic Diversification on Firm Performance by : Young Sang Kim

Download or read book The Impact of Geographic Diversification on Firm Performance written by Young Sang Kim and published by . This book was released on 2008 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically examines the economic effects of both corporate industrial and geographic diversifications. Using a sample of 28,050 firm year observations from 1990 to 1998, we find that industrial and geographic diversifications are associated with firm value decrease. Consistent with Denis et al. (2002), the costs of corporate diversification may outweigh the benefits of diversification. We find that geographically diversified firms have higher Ramp;D expenditures, advertising expenses, operating income, ROE and ROA than industrially diversified firms. In addition, higher Ramp;D expenditures create value for multi-segment global firms, but not for single segment global firms. This result implies that there exists an interaction effect between industrial and geographic diversification. We also examine the effects of agency cost issues, as characterized by the diversification discount, on both industrial and geographic diversification. Consistent with the agency explanation, firms with high equity-based compensation are associated with higher firm value than firms with low equity-based compensation. Also, we find that firms with a higher insider ownership percentage are associated with higher excess value.

An Empirical Analysis of Large Firms' Diversification Strategies

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis An Empirical Analysis of Large Firms' Diversification Strategies by : Johanna Laufenberg

Download or read book An Empirical Analysis of Large Firms' Diversification Strategies written by Johanna Laufenberg and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper summarizes existing research on the effects of product and geographical diversification on firm performance. Building on this, we examine interaction effects of product and geographical diversification and the influence of diversification on firm performance in times of an economic-wide shock. Data on firm performance, diversification and control variables of the 500 largest firms worldwide from the years 2004 to 2014 is obtained to test our hypothesis with an OLS regression. We use separate time-wise samples to distinguish between the crisis and stable period. Our results confirm the previous findings that the main effects of related product and geographical diversification on firm performance are positive while unrelated product diversification has a negative impact. In addition to the current state of research, we find that only related product diversification, and not unrelated product diversification, interacts with geographical diversification to impact firm performance negatively. Moreover, we find that in times of an economy-wide shock, the impact of related product diversification and the impact of the interaction between related product and geographical diversification is higher. Overall, results indicate that related product and geographical diversification offer the potential to increase market power and put excess physical as well as knowledge-based resources to work. Combined levels of related product and geographical diversification have a negative impact on performance due to increased coordination and communication costs.

Corporate Diversification and Firm Performance

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Publisher :
ISBN 13 :
Total Pages : 18 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Corporate Diversification and Firm Performance by : Sajid Ali

Download or read book Corporate Diversification and Firm Performance written by Sajid Ali and published by . This book was released on 2019 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study aimed to investigate the relationship between corporate diversification and firm performance in a developing country. Previous studies have found that the mixed results have been established between these two constructs in developed countries such as linear, u-shaped or inverted u-shaped relationship. To this end, a sample of 141 non-financial companies over the period of 2003 to 2013 listed on Pakistani stock market was used to analyze the impact of diversification strategy on the performance of firm. Corporate diversification is divided into two types including product and geographic diversification. The findings of the study demonstrated that an inverted u-shaped relationship existed as performance increased up to a certain level due to the related diversification strategy and then it fell down drastically. It showed that too much diversification creates agency problems and internal inefficiencies. It has implications for agency problems, weak corporate governance structures, and family relationships.

Why firms diversify

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Publisher :
ISBN 13 : 9789616273183
Total Pages : 37 pages
Book Rating : 4.2/5 (731 download)

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Book Synopsis Why firms diversify by : Randall Morck

Download or read book Why firms diversify written by Randall Morck and published by . This book was released on 1998 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Optimal Geographic Diversification and Firm Performance

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Publisher :
ISBN 13 : 9781854496614
Total Pages : pages
Book Rating : 4.4/5 (966 download)

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Book Synopsis Optimal Geographic Diversification and Firm Performance by :

Download or read book Optimal Geographic Diversification and Firm Performance written by and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Moderating Effect of Product and Brand Diversification on the Relationship Between Geographic Diversification and Firm Performance in the Hospitality Industry

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (858 download)

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Book Synopsis The Moderating Effect of Product and Brand Diversification on the Relationship Between Geographic Diversification and Firm Performance in the Hospitality Industry by : Kyung Ho Kang

Download or read book The Moderating Effect of Product and Brand Diversification on the Relationship Between Geographic Diversification and Firm Performance in the Hospitality Industry written by Kyung Ho Kang and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Tourism and Sport

The Impact of Product and Geographic Diversification Strategies on Corporate Performance in the North American Forest Products Sector

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Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (26 download)

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Book Synopsis The Impact of Product and Geographic Diversification Strategies on Corporate Performance in the North American Forest Products Sector by : Darcie L. Booth

Download or read book The Impact of Product and Geographic Diversification Strategies on Corporate Performance in the North American Forest Products Sector written by Darcie L. Booth and published by . This book was released on 1989 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Control Modes in International Service Operations

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Publisher :
ISBN 13 : 9782854185836
Total Pages : 24 pages
Book Rating : 4.1/5 (858 download)

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Book Synopsis Control Modes in International Service Operations by : Karin Fladmoe Lindquist

Download or read book Control Modes in International Service Operations written by Karin Fladmoe Lindquist and published by . This book was released on 1996 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Performance of Small Firms

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Publisher : Routledge
ISBN 13 : 113483988X
Total Pages : 328 pages
Book Rating : 4.1/5 (348 download)

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Book Synopsis The Performance of Small Firms by : David J. Storey

Download or read book The Performance of Small Firms written by David J. Storey and published by Routledge. This book was released on 2016-07-22 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study, originally published in 1987, addresses the question of small firm performance. Drawing on an extensive database containing financial, employment and ownership data for several thousand small firms, the book examines whether small firms do actually provide jobs, whether they grow and why small firms fail. Guidance is given on how to spot the signs of impending failure in a small business, which is of use to accountants small business PR actioners and government grant providers.

The Dynamics of Intellectual Capital in Current Era

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Publisher : Springer Nature
ISBN 13 : 9811616922
Total Pages : 290 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis The Dynamics of Intellectual Capital in Current Era by : Muhammad Shahbaz

Download or read book The Dynamics of Intellectual Capital in Current Era written by Muhammad Shahbaz and published by Springer Nature. This book was released on 2021-06-01 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an authoritative, inter-disciplinary, and up-to-date survey of relevant concepts, research areas, and applications of intellectual capital. Until now, the literature had lacked a comprehensive analysis of intellectual capital (IC) in regard to sustainability, block chain, and other related technologies and virtual environments. This book shows the importance of intellectual capital for contemporary organizations: how it contributes to theories of the firm, how it affects organizational performance, how is it linked with the organizational ambidexterity, how it connects to the technological developments like block chain and digital technologies, and what would be its association with sustainability. Central to our thesis is the systemic nature of intellectual capital in organizations: how intellectual capital interacts with and complements other organizational resources and developments. This book also shows as to how applying the notion of intellectual capital to organizations requires us to consider how intangible forms of capital differ from more traditional forms, implying the need for a theory of firm that accommodates a concept of dynamic, heterogeneous intellectual capital. Although a lot has been written on IC, this book proves to be the first with scholastic and action-oriented perspective on as to how a firm can manage its IC to create value. This book also demonstrates as to how the subjective aspects of IC can be measured and what can be their strategic implications. A discussion on IC disclosure also appears in the latter part of the book. In doing so, this book reveals as to how the value creation of today’s businesses is driven by the IC. This book also introduces the readers to the new application of IC and its association with the contemporary disruptive technologies. This is a book for IC researchers and academicians who want to understand the diverse aspects of IC, for business managers who want to be at the cutting edge, for those early in their careers who seek a challenging new path, and for the top-level managers of the world who have their eye on the future.

An Examination of the Effect of International Strategy on Corporate Social Performance

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ISBN 13 :
Total Pages : 138 pages
Book Rating : 4.:/5 (114 download)

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Book Synopsis An Examination of the Effect of International Strategy on Corporate Social Performance by : Yung-hwal Park

Download or read book An Examination of the Effect of International Strategy on Corporate Social Performance written by Yung-hwal Park and published by . This book was released on 2013 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Regional Multinationals

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Publisher : Cambridge University Press
ISBN 13 : 9781139442862
Total Pages : 292 pages
Book Rating : 4.4/5 (428 download)

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Book Synopsis The Regional Multinationals by : Alan M. Rugman

Download or read book The Regional Multinationals written by Alan M. Rugman and published by Cambridge University Press. This book was released on 2005-01-06 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although many firms label themselves 'global', very few can back this up with truly global sales and operations. In The Regional Multinationals Alan Rugman examines first-hand data from multinationals and finds that most multinationals are strongly regional, with international operations in their home regions of North America, the US or Asia. Only a tiny proportion of the world's top 500 companies actually sell the same product and deliver the same services around the world. Rugman exposes the facts behind the popular myths of doing business globally, explores a variety of regional models and offers an authoritative agenda for future business strategy. The Regional Multinationals is the essential resource for all academics and students in International Business, Organization and Strategic Management, as well as those with an interest in finding out how multinationals really work in practice and how future strategy must respond.

Essays in Technology Management and Policy

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Publisher : World Scientific
ISBN 13 : 9789810244477
Total Pages : 528 pages
Book Rating : 4.2/5 (444 download)

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Book Synopsis Essays in Technology Management and Policy by : David J. Teece

Download or read book Essays in Technology Management and Policy written by David J. Teece and published by World Scientific. This book was released on 2003 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the manner in which successful firms develop, transfer, protect, and capture value from technological innovation. In essence, it is about ?knowledge management?, which lies at the foundation of firm level competitive advantage in today's global economy. The essays contain some of the fundamental contributions to the field of knowledge management by one of its best-known thinkers; they also constitute an immensely practical guide for those managers who wish to look below the surface of what is going on in Silicon Valley and elsewhere.

Strategic Management (color)

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Publisher :
ISBN 13 : 9781949373943
Total Pages : 325 pages
Book Rating : 4.3/5 (739 download)

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Book Synopsis Strategic Management (color) by :

Download or read book Strategic Management (color) written by and published by . This book was released on 2020-08-18 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic Management (2020) is a 325-page open educational resource designed as an introduction to the key topics and themes of strategic management. The open textbook is intended for a senior capstone course in an undergraduate business program and suitable for a wide range of undergraduate business students including those majoring in marketing, management, business administration, accounting, finance, real estate, business information technology, and hospitality and tourism. The text presents examples of familiar companies and personalities to illustrate the different strategies used by today's firms and how they go about implementing those strategies. It includes case studies, end of section key takeaways, exercises, and links to external videos, and an end-of-book glossary. The text is ideal for courses which focus on how organizations operate at the strategic level to be successful. Students will learn how to conduct case analyses, measure organizational performance, and conduct external and internal analyses.

Back to the Drawing Board

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Publisher : Harvard Business Press
ISBN 13 : 1422163229
Total Pages : 257 pages
Book Rating : 4.4/5 (221 download)

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Book Synopsis Back to the Drawing Board by : Colin B. Carter

Download or read book Back to the Drawing Board written by Colin B. Carter and published by Harvard Business Press. This book was released on 2003-10-16 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Business scandals from Enron to WorldCom have escalated concerns about corporate governance into a full-blown crisis. Institutional investors and legislators have dominated the debate and enacted important changes in corporate accounting and other areas. But Colin B. Carter and Jay W. Lorsch say that we must now focus on the performance of corporate boards. This timely book argues that boards are being pressed to perform unrealistic duties given their traditional structure, processes, and membership. Carter and Lorsch propose a strategic redesign of boards--making them better attuned to their oversight, decision-making, and advisory roles--to enable directors to meet 21st century challenges successfully. Based on the authors' deep expertise and longtime experience working with boards around the world, and on a probing survey of CEOs, Carter and Lorsch help boards to develop a realistic value proposition customized to the company they serve. The authors explore the core dilemmas and responsibilities boards face and outline a framework for designing the most effective structure, makeup, size, and culture. This book provides a candid account of the current state of boards and points the way in a time of crisis and change.

Geographic Diversification and Firm Value

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ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (715 download)

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Book Synopsis Geographic Diversification and Firm Value by : 王綺楓

Download or read book Geographic Diversification and Firm Value written by 王綺楓 and published by . This book was released on 2008 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Oxford Handbook of Business Groups

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Publisher : Oxford Handbooks Online
ISBN 13 : 019955286X
Total Pages : 828 pages
Book Rating : 4.1/5 (995 download)

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Book Synopsis The Oxford Handbook of Business Groups by : Asli M. Colpan

Download or read book The Oxford Handbook of Business Groups written by Asli M. Colpan and published by Oxford Handbooks Online. This book was released on 2010-08-05 with total page 828 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook provides a comprehensive analysis of business groups around the world. It focuses on the adaptive and competitive capabilities of business groups and their evolutionary dynamics, as well as considering the historical and theoretical contexts of business groups.