学术探索
学术期刊
新闻热点
数据分析
智能评审

DIVERSIFICATION, RESTRUCTURING AND ECONOMIC-PERFORMANCE

被引：218
作者：
MARKIDES, CC
机构：
[1] London Business School, London
来源：
STRATEGIC MANAGEMENT JOURNAL | 1995年 / 16卷 / 02期
关键词：
DIVERSIFICATION; RESTRUCTURING; REFOCUSING; PERFORMANCE;
D O I：
10.1002/smj.4250160203
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
During the 1980s, many conglomerates and other diversified firms reduced their diversification by refocusing on their core businesses. This paper provides an economic explanation for this phenomenon and empirically tests the hypotheses that emerge from the analysis. It is shown that refocusing is associated ex post with profitability improvements.
引用
收藏
页码：101 / 118
页数：18
相关论文
共 69 条
[1]   ORGANIZATIONAL-STRUCTURE AND ECONOMIC PERFORMANCE - TEST OF MULTI-DIVISIONAL HYPOTHESIS [J].
ARMOUR, HO ;
TEECE, DJ .
BELL JOURNAL OF ECONOMICS, 1978, 9 (01) :106-122
[2]   EARNINGS RETENTION, NEW CAPITAL AND GROWTH OF FIRM [J].
BAUMOL, WJ ;
HEIM, P ;
MALKIEL, BG ;
QUANDT, RE .
REVIEW OF ECONOMICS AND STATISTICS, 1970, 52 (04) :345-355
[3]  
BHAGAT S, 1990, BROOKINGS PAP ECO AC, P1
[4]  
BHIDE A, 1989, THESIS HARVARD BUSIN
[5]   A NEW VIEW OF THE MARKET-STRUCTURE PERFORMANCE DEBATE [J].
BOTHWELL, JL ;
COOLEY, TF ;
HALL, TE .
JOURNAL OF INDUSTRIAL ECONOMICS, 1984, 32 (04) :397-417
[6]   RETURN ON ALTERNATIVE SOURCES OF FINANCE [J].
BREALEY, RA ;
HODGES, SD ;
CAPRON, D .
REVIEW OF ECONOMICS AND STATISTICS, 1976, 58 (04) :469-477
[7]  
Buzzell R. D., 1987, PIMS PRINCIPLES LINK
[8]   SUPERVISION, LOSS OF CONTROL, AND OPTIMUM SIZE OF FIRM [J].
CALVO, GA ;
WELLISZ, S .
JOURNAL OF POLITICAL ECONOMY, 1978, 86 (05) :943-952
[9]   SEARCH OF SYNERGY - STRUCTURE-PERFORMANCE TEST [J].
CARTER, JR .
REVIEW OF ECONOMICS AND STATISTICS, 1977, 59 (03) :279-289
[10]   INTERNATIONAL CORPORATIONS - INDUSTRIAL ECONOMICS OF FOREIGN INVESTMENT [J].
CAVES, RE .
ECONOMICA, 1971, 38 (149) :1-27
1234567