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Types of Operational Relatedness, Core Business Industry,and Performance

  • Frithjof Pils

In the second major analysis of this study, I pay particular attention to two issues that are important to a more comprehensive understanding of the diversificationperformance linkage. These issues had to be neglected in the meta-analyses given the lack of respective empirical material that could be used for contingency variable analysis: effects of types of relatedness and effects of industry. In addition, I add to the analysis a market-based performance measure that promises greatest possible content validity in terms of capturing synergy realization: Berger and Ofek’s excess value measure which can indicate whether a multibusiness firm trades at the so-called diversification discount.

Keywords

Operational Relatedness Corporate Financial Performance Diversification Strategy International Diversification Scope Economy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Gabler | GWV Fachverlage GmbH 2009

Authors and Affiliations

  • Frithjof Pils

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