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題名 The Impact of Diversification Strategy on Risk-Return Performance
作者 張逸民
CHANG, YEG-MIN
貢獻者 企管系
日期 1989
上傳時間 30-Oct-2014 15:44:04 (UTC+8)
摘要 This study examines the impact of diversification strategy on risk and return in diversified firms. Following an assessment of previous research on strategic risk, relationships between risk, return, and diversification strategy are hypothesized. Regression analysis shows that differences in risk-return performance among diversified firms are more closely associated with structural factors associated with markets and businesses than with the particular diversification strategy chosen. Returns also influence the choice of diversification strategles which, in turn, do not get rewarded with higher profits. A curvilinear risk-return relationship is also observed which is consistent with previous theoretical suggestions. Implications for the strategic management of risk are then drawn.
關聯 Strategic Management Journal, 10(3), 271-284
資料類型 article
dc.contributor 企管系en_US
dc.creator (作者) 張逸民zh_TW
dc.creator (作者) CHANG, YEG-MINen_US
dc.date (日期) 1989en_US
dc.date.accessioned 30-Oct-2014 15:44:04 (UTC+8)-
dc.date.available 30-Oct-2014 15:44:04 (UTC+8)-
dc.date.issued (上傳時間) 30-Oct-2014 15:44:04 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/70892-
dc.description.abstract (摘要) This study examines the impact of diversification strategy on risk and return in diversified firms. Following an assessment of previous research on strategic risk, relationships between risk, return, and diversification strategy are hypothesized. Regression analysis shows that differences in risk-return performance among diversified firms are more closely associated with structural factors associated with markets and businesses than with the particular diversification strategy chosen. Returns also influence the choice of diversification strategles which, in turn, do not get rewarded with higher profits. A curvilinear risk-return relationship is also observed which is consistent with previous theoretical suggestions. Implications for the strategic management of risk are then drawn.en_US
dc.format.extent 413933 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Strategic Management Journal, 10(3), 271-284en_US
dc.title (題名) The Impact of Diversification Strategy on Risk-Return Performanceen_US
dc.type (資料類型) articleen