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題名 Product Diversification and Financial Performance: The Moderating Role of Secondary Stakeholders
作者 蘇威傑
Su,Weichieh;Tsang,Eric
貢獻者 國貿系
日期 2014-04
上傳時間 18-Dec-2014 10:19:51 (UTC+8)
摘要 The challenges firms face increase with their product diversification levels because different product markets have different sociopolitical issues. We argue that secondary stakeholders as represented by various nonprofit or non-governmental organizations serve as agents mitigating the external constraints embedded within sociopolitical environments. Firms should therefore maintain relationships with different secondary stakeholder scopes commensurate with their product diversification levels in order to enhance financial performance. We use a sample of U.S. Fortune 500 firms during the period from 1996 to 2003 and find that secondary stakeholders play a positive moderating role in the relationship between product diversification and financial performance. Furthermore, this moderating effect is stronger in the case of unrelated diversification than related diversification.
關聯 Acadmey of Management Journal,Published online before print April 25, 2014,
資料類型 article
DOI http://dx.doi.org/10.5465/amj.2013.0454
dc.contributor 國貿系en_US
dc.creator (作者) 蘇威傑zh_TW
dc.creator (作者) Su,Weichieh;Tsang,Ericen_US
dc.date (日期) 2014-04en_US
dc.date.accessioned 18-Dec-2014 10:19:51 (UTC+8)-
dc.date.available 18-Dec-2014 10:19:51 (UTC+8)-
dc.date.issued (上傳時間) 18-Dec-2014 10:19:51 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/72156-
dc.description.abstract (摘要) The challenges firms face increase with their product diversification levels because different product markets have different sociopolitical issues. We argue that secondary stakeholders as represented by various nonprofit or non-governmental organizations serve as agents mitigating the external constraints embedded within sociopolitical environments. Firms should therefore maintain relationships with different secondary stakeholder scopes commensurate with their product diversification levels in order to enhance financial performance. We use a sample of U.S. Fortune 500 firms during the period from 1996 to 2003 and find that secondary stakeholders play a positive moderating role in the relationship between product diversification and financial performance. Furthermore, this moderating effect is stronger in the case of unrelated diversification than related diversification.en_US
dc.format.extent 130 bytes-
dc.format.mimetype text/html-
dc.language.iso en_US-
dc.relation (關聯) Acadmey of Management Journal,Published online before print April 25, 2014,en_US
dc.title (題名) Product Diversification and Financial Performance: The Moderating Role of Secondary Stakeholdersen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.5465/amj.2013.0454en_US
dc.doi.uri (DOI) http://dx.doi.org/10.5465/amj.2013.0454en_US