ON THE MEASUREMENT OF CORPORATE DIVERSIFICATION STRATEGY - EVIDENCE FROM LARGE UNITED-STATES SERVICE FIRMS

被引:107
作者
NAYYAR, PR
机构
[1] Leonard N. Stern School of Business, New York University, New York, New York
关键词
MEASUREMENT OF DIVERSIFICATION; ACTUAL RELATEDNESS;
D O I
10.1002/smj.4250130305
中图分类号
F [经济];
学科分类号
02 ;
摘要
Actual, not potential, relatedness determines the results of diversification strategies. An external examination of a firm's businesses, products, markets and technologies permits an assessment of potential relatedness among its various businesses. Potential relatedness is, however, often not realized. Also, relatedness may be externally invisible. Hence, actual relatedness may diverge from externally measured potential relatedness. This paper provides evidence suggesting that measures of corporate diversification strategy based on internal data differ significantly from those based on externally available data.
引用
收藏
页码:219 / 235
页数:17
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