Multidivisional Strategy and Investment Returns
This paper studies the influence of multidivisional structure on investment returns using a large database of projects in the U.S. film distribution industry, a setting in which divisionalization exists without horizontal diversification—all divisions of multidivisional distributors release feature...
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| Veröffentlicht in: | Journal of economics & management strategy 2013-09, Vol.22 (3), p.594-616 |
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| container_end_page | 616 |
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| container_issue | 3 |
| container_start_page | 594 |
| container_title | Journal of economics & management strategy |
| container_volume | 22 |
| creator | Natividad, Gabriel |
| description | This paper studies the influence of multidivisional structure on investment returns using a large database of projects in the U.S. film distribution industry, a setting in which divisionalization exists without horizontal diversification—all divisions of multidivisional distributors release feature films. The findings are consistent with a positive effect of multidivisional strategy on investment returns, even if total investment need not increase. Multidivisional strategies are more consequential for higher profitability when firms share key human talent across their divisions. |
| doi_str_mv | 10.1111/jems.12018 |
| format | Article |
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| identifier | ISSN: 1058-6407 |
| ispartof | Journal of economics & management strategy, 2013-09, Vol.22 (3), p.594-616 |
| issn | 1058-6407 1530-9134 |
| language | eng |
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| source | EBSCOhost Business Source Complete; Access via Wiley Online Library |
| subjects | Distributors Diversification Economic activity Firm theory Investment analysis Investment policy Investment returns Profitability Rates of return Studies U.S.A |
| title | Multidivisional Strategy and Investment Returns |
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