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'Stick to the knitting' vs. 'the mysteriously potent charm of diversification': the Greek evidence

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  • Vassilis Droucopoulos

    (Department of Economics, University of Athens, Athens, Greece)

  • Theodore Papadogonas

    (Department of International and European Economic Studies, The Athens University of Economics and Business, Athens, Greece)

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    Abstract

    This paper provides evidence on the extent, nature of and factors associated with diversification using a novel set of data, referring to both firms and plants, from the Greek manufacturing sector (1992). The paper brings together a strand of hypotheses formulated, and partially tested, in the relevant literature. More specifically, we investigate the relationship between the degree of diversification and firm|industry characteristics by separately examining the behaviour of multiplant and uniplant firms. Certain patterns emerge which are then compared with those that arose in other studies. Copyright © 1999 John Wiley & Sons, Ltd.

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    Bibliographic Info

    Article provided by John Wiley & Sons, Ltd. in its journal Managerial and Decision Economics.

    Volume (Year): 20 (1999)
    Issue (Month): 4 ()
    Pages: 217-227

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    Handle: RePEc:wly:mgtdec:v:20:y:1999:i:4:p:217-227

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    Web page: http://www3.interscience.wiley.com/cgi-bin/jhome/7976

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    1. Hamilton, R. T., 1992. "Diversification and concentration changes in a liberalised environment : The case of New Zealand manufacturing industries," International Journal of Industrial Organization, Elsevier, vol. 10(1), pages 15-25, March.
    2. Hughes, Kirsty & Oughton, Christine, 1993. "Diversification, Multi-market Contact and Profitability," Economica, London School of Economics and Political Science, vol. 60(238), pages 203-24, May.
    3. Berry, Charles H, 1971. "Corporate Growth and Diversification," Journal of Law and Economics, University of Chicago Press, vol. 14(2), pages 371-84, October.
    4. Gorecki, Paul K, 1975. "An Inter-Industry Analysis of Diversification in the U.K. Manufacturing Sector," Journal of Industrial Economics, Wiley Blackwell, vol. 24(2), pages 131-46, December.
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