The Economic Characteristics of De-diversifying Firms

The Economic Characteristics of De-diversifying Firms

SUMMARY During the 1980s, many diversified firms reduced their diversification by refocusing on their core businesses. This research note tries to identify the characteristics that distinguished the companies that refocused from those that did not. It is found that relative to their industry counter...

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Veröffentlicht in:British journal of management 1992-06, Vol.3 (2), p.91-100
1. Verfasser: Markides, Constantinos C.
Format: Artikel
Sprache:eng
Schlagworte:
Business management
Characteristics
Comparative studies
Diversification
Diversified companies
Profitability
Regression analysis
Trends
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Beschreibung
Zusammenfassung:SUMMARY During the 1980s, many diversified firms reduced their diversification by refocusing on their core businesses. This research note tries to identify the characteristics that distinguished the companies that refocused from those that did not. It is found that relative to their industry counterparts, the refocusing firms were characterized by high diversification and poor performance. In addition, a firm was more likely to refocus if its core industry was ‘attractive’.
ISSN:1045-3172
1467-8551
DOI:10.1111/j.1467-8551.1992.tb00038.x