Diversification and Desynchronicity: An Organizational Portfolio Perspective on Corporate Risk Reduction
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Wei Liu & Xiao-Guang Yue & Paul B. Tchounwou, 2020. "Response to the COVID-19 Epidemic: The Chinese Experience and Implications for Other Countries," IJERPH, MDPI, vol. 17(7), pages 1-6, March.
- Fama, Eugene F & French, Kenneth R, 1992. "The Cross-Section of Expected Stock Returns," Journal of Finance, American Finance Association, vol. 47(2), pages 427-465, June.
- Abhirup Chakrabarti & Kulwant Singh & Ishtiaq Mahmood, 2007. "Diversification and performance: evidence from East Asian firms," Strategic Management Journal, Wiley Blackwell, vol. 28(2), pages 101-120, February.
- Ding Yuan & Zhang Hua & Zhang Junxi, 2008. "The financial and operating performance of Chinese family-owned listed firms," Management International Review, Springer, vol. 48(3), pages 297-318, May.
- Han He & Sicheng Li & Lin Hu & Nelson Duarte & Otilia Manta & Xiao-Guang Yue, 2019. "Risk Factor Identification of Sustainable Guarantee Network Based on Logistic Regression Algorithm," Sustainability, MDPI, vol. 11(13), pages 1-19, June.
- Ronald C. Anderson & David M. Reeb, 2003. "Founding-Family Ownership and Firm Performance: Evidence from the S&P 500," Journal of Finance, American Finance Association, vol. 58(3), pages 1301-1327, June.
- Charles W. L. Hill & Gary S. Hansen, 1991. "A longitudinal study of the cause and consequences of changes in diversification in the U.S. pharmaceutical industry 1977–1986," Strategic Management Journal, Wiley Blackwell, vol. 12(3), pages 187-199, March.
- Alan M Rugman, 1976. "Risk Reduction by International Diversification," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 7(2), pages 75-80, June.
- Brian K. Boyd, 1995. "CEO duality and firm performance: A contingency model," Strategic Management Journal, Wiley Blackwell, vol. 16(4), pages 301-312.
- Yegmin Chang & Howard Thomas, 1989. "The impact of diversification strategy on risk‐return performance," Strategic Management Journal, Wiley Blackwell, vol. 10(3), pages 271-284, May.
- Pankaj C. Patel & Danielle Cooper, 2014. "The harder they fall, the faster they rise: Approach and avoidance focus in narcissistic CEOs," Strategic Management Journal, Wiley Blackwell, vol. 35(10), pages 1528-1540, October.
- J. Michael Geringer & Stephen Tallman & David M. Olsen, 2000. "Product and international diversification among Japanese multinational firms," Strategic Management Journal, Wiley Blackwell, vol. 21(1), pages 51-80, January.
- Yakov Amihud & Baruch Lev, 1981. "Risk Reduction as a Managerial Motive for Conglomerate Mergers," Bell Journal of Economics, The RAND Corporation, vol. 12(2), pages 605-617, Autumn.
- Elie Matta & Jean Mcguire, 2008. "Too Risky To Hold? The Effect of Downside Risk, Accumulated Equity Wealth, And Firm Performance on CEO Equity Reduction," Post-Print hal-00486650, HAL.
- Jacquemin, Alexis P & Berry, Charles H, 1979. "Entropy Measure of Diversification and Corporate Growth," Journal of Industrial Economics, Wiley Blackwell, vol. 27(4), pages 359-369, June.
- Ashraf, Badar Nadeem, 2017. "Political institutions and bank risk-taking behavior," Journal of Financial Stability, Elsevier, vol. 29(C), pages 13-35.
- Yan Han & Xue-Feng Shao & Xin Cui & Xiao-Guang Yue & Kelvin Joseph Bwalya & Otilia Manta, 2019. "Assessing Investor Belief: An Analysis of Trading for Sustainable Growth of Stock Markets," Sustainability, MDPI, vol. 11(20), pages 1-18, October.
- Shilu Sun & Tiantian Li & Hong Ma & Rita Yi Man Li & Kostas Gouliamos & Jianming Zheng & Yan Han & Otilia Manta & Ubaldo Comite & Teresa Barros & Nelson Duarte & Xiao-Guang Yue, 2020. "Does Employee Quality Affect Corporate Social Responsibility? Evidence from China," Sustainability, MDPI, vol. 12(7), pages 1-19, March.
- Leslie E. Palich & Laura B. Cardinal & C. Chet Miller, 2000. "Curvilinearity in the diversification–performance linkage: an examination of over three decades of research," Strategic Management Journal, Wiley Blackwell, vol. 21(2), pages 155-174, February.
- Xiao-Guang Yue & Xue-Feng Shao & Rita Yi Man Li & M. James C. Crabbe & Lili Mi & Siyan Hu & Julien S. Baker & Gang Liang, 2020. "Risk Management Analysis for Novel Coronavirus in Wuhan, China," JRFM, MDPI, vol. 13(2), pages 1-6, February.
- Deepak K. Datta & Nandini Rajagopalan & Abdul M. A. Rasheed, 1991. "Diversification and Performance: Critical Review and Future Directions," Journal of Management Studies, Wiley Blackwell, vol. 28(5), pages 529-558, September.
- Torben J. Andersen & Jerker Denrell & Richard A. Bettis, 2007. "Strategic responsiveness and Bowman's risk–return paradox," Strategic Management Journal, Wiley Blackwell, vol. 28(4), pages 407-429, April.
- Gwendolyn K. Lee & Marvin B. Lieberman, 2010. "Acquisition vs. internal development as modes of market entry," Strategic Management Journal, Wiley Blackwell, vol. 31(2), pages 140-158, February.
- Shughart, Larry A. & Donaldson, Lex, 2004. "Redesigning the Commercial Organization of CSX: An Organizational Portfolio Analysis," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 43(2).
- Ronald C. Anderson & David M. Reeb, 2003. "Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500," Journal of Finance, American Finance Association, vol. 58(3), pages 1301-1328, June.
- Srinivasan Balakrishnan & Isaac Fox, 1993. "Abstract," Strategic Management Journal, Wiley Blackwell, vol. 14(1), pages 3-16, January.
- Ball, R & Brown, P, 1969. "Portfolio Theory And Accounting," Journal of Accounting Research, Wiley Blackwell, vol. 7(2), pages 300-323.
- Elie Matta & Jean McGuire, 2008. "Too Risky to Hold? The Effect of Downside Risk, Accumulated Equity Wealth, and Firm Performance on CEO Equity Reduction," Organization Science, INFORMS, vol. 19(4), pages 567-580, August.
- Ferri, Michael G & Jones, Wesley H, 1979. "Determinants of Financial Structure: A New Methodological Approach," Journal of Finance, American Finance Association, vol. 34(3), pages 631-644, June.
- Blume, Marshall E, 1970. "Portfolio Theory: A Step Toward Its Practical Application," The Journal of Business, University of Chicago Press, vol. 43(2), pages 152-173, April.
- Christine M. Chan & Takehiko Isobe & Shige Makino, 2008. "Which country matters? Institutional development and foreign affiliate performance," Strategic Management Journal, Wiley Blackwell, vol. 29(11), pages 1179-1205, November.
- Chien-Nan Chen & Wenyi Chu, 2012. "Diversification, resource concentration, and business group performance: Evidence from Taiwan," Asia Pacific Journal of Management, Springer, vol. 29(4), pages 1045-1061, December.
- Ashraf, Badar Nadeem & Zheng, Changjun & Arshad, Sidra, 2016. "Effects of national culture on bank risk-taking behavior," Research in International Business and Finance, Elsevier, vol. 37(C), pages 309-326.
- Yu-Meng Luo & Wei Liu & Xiao-Guang Yue & Marc A. Rosen, 2020. "Sustainable Emergency Management Based on Intelligent Information Processing," Sustainability, MDPI, vol. 12(3), pages 1-4, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ruihui Pu & Deimante Teresiene & Ina Pieczulis & Jie Kong & Xiao-Guang Yue, 2021. "The Interaction between Banking Sector and Financial Technology Companies: Qualitative Assessment—A Case of Lithuania," Risks, MDPI, vol. 9(1), pages 1-22, January.
- Moses Waiganjo & Danijela Godinic & Bojan Obrenovic, 2021. "Strategic Planning and Sustainable Innovation During the COVID-19 Pandemic: A Literature Review," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 7(5), pages 52-59, December.
- Asad H. Aburumman, 2020. "The concept of global governance in tourism franchises: a case study of TUI group," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 1321-1339, December.
- Xiao-Guang Yue & Yan Han & Deimante Teresiene & Justina Merkyte & Wei Liu, 2020. "Sustainable Funds’ Performance Evaluation," Sustainability, MDPI, vol. 12(19), pages 1-20, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Antonio Majocchi & Roger Strange, 2012. "International Diversification," Management International Review, Springer, vol. 52(6), pages 879-900, December.
- Bowen, H.P. & Wiersema, M., 2007.
"International and product diversification: their interrelationship and impact on firm performance,"
Vlerick Leuven Gent Management School Working Paper Series
2007-6, Vlerick Leuven Gent Management School.
- Harry P. Bowen & Margarethe Wiersema, 2009. "International and Product Diversification: Their Interrelationship and Impact on Firm Performance," Discussion Paper Series 2009-04, McColl School of Business, Queens University of Charlotte.
- Shirodkar, Vikrant & Rajwani, Tazeeb & Stadler, Christian & Hautz, Julia & Mayer, Michael C.J., 2022. "Corporate Political Activity and Firm Performance: The Moderating Effects of International and Product Diversification," Journal of International Management, Elsevier, vol. 28(4).
- Tran, Duc Hung, 2014. "Multiple corporate governance attributes and the cost of capital – Evidence from Germany," The British Accounting Review, Elsevier, vol. 46(2), pages 179-197.
- Roger, Patrick & Schatt, Alain, 2016. "Idiosyncratic risk, private benefits, and the value of family firms," Finance Research Letters, Elsevier, vol. 17(C), pages 235-245.
- Fahlenbrach, Rüdiger, 2009.
"Founder-CEOs, Investment Decisions, and Stock Market Performance,"
Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 44(2), pages 439-466, April.
- Fahlenbrach, Rudiger, 2006. "Founder-CEOs, Investment Decisions, and Stock Market Performance," Working Paper Series 2004-20, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Schierstedt, Bennet & Henn, Marisa & Lutz, Eva, 2020. "Diversified acquisitions in family firms: Restricted vs. extended family priorities," Journal of Family Business Strategy, Elsevier, vol. 11(2).
- Jaeho Choi & Anoop Menon & Haris Tabakovic, 2021. "Using machine learning to revisit the diversification–performance relationship," Strategic Management Journal, Wiley Blackwell, vol. 42(9), pages 1632-1661, September.
- Jacek Lipiec, 2014. "Capital Asset Pricing Model Testing at Warsaw Stock Exchange: Are Family Businesses the Remedy for Economic Recessions?," IJFS, MDPI, vol. 2(3), pages 1-14, July.
- Mofir, 2020. "non disponibile," Mo.Fi.R. Working Papers 159, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
- Carla D. Jones & Marianna Makri & Luis R. Gomez–Mejia, 2008. "Affiliate Directors and Perceived Risk Bearing in Publicly Traded, Family–Controlled Firms: The Case of Diversification," Entrepreneurship Theory and Practice, , vol. 32(6), pages 1007-1026, November.
- Stavros E. Arvanitis & Theodoros V. Stamatopoulos & Dimitris Terzakis, 2018. "Is There a Non-linear Relationship of Market Value with Cash and Ownership?," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 68(1), pages 3-25, January-M.
- Ubaldo Comite & Kechen Dong & Rita Yi Man Li & M. James C. Crabbe & Xue-Feng Shao & Xiao-Guang Yue, 2020. "An Economic–Business Approach to Clinical Risk Management," JRFM, MDPI, vol. 13(6), pages 1-12, June.
- Boyan Jovanovic, 1993.
"The Diversification of Production,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 24(1 Microec), pages 197-247.
- Jovanovic, B., 1993. "The Diversification of Production," Working Papers 93-11, C.V. Starr Center for Applied Economics, New York University.
- Asli Colpan, 2008. "Are strategy-performance relationships contingent on macroeconomic environments? Evidence from Japan’s textile industry," Asia Pacific Journal of Management, Springer, vol. 25(4), pages 635-665, December.
- Kim, Kong-Hee & Al-Shammari, Hussam A. & Kim, Bongjin & Lee, Seung-Hyun, 2009. "CEO duality leadership and corporate diversification behavior," Journal of Business Research, Elsevier, vol. 62(11), pages 1173-1180, November.
- Sun, Wenbin & Price, Joseph & Ding, Yuan, 2019. "The longitudinal effects of internationalization on firm performance: The moderating role of marketing capability," Journal of Business Research, Elsevier, vol. 95(C), pages 326-337.
- Luis R. Gomez‐Mejia & Marianna Makri & Martin Larraza Kintana, 2010. "Diversification Decisions in Family‐Controlled Firms," Journal of Management Studies, Wiley Blackwell, vol. 47(2), pages 223-252, March.
- Anil Mishra, 2014. "Foreign Ownership and Firm Value: Evidence from Australian Firms," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 21(1), pages 67-96, March.
- Jouida, Sameh & Bouzgarrou, Houssam & Hellara, Slaheddine, 2017. "The effects of activity and geographic diversification on performance: Evidence from French financial institutions," Research in International Business and Finance, Elsevier, vol. 39(PB), pages 920-939.
More about this item
Keywords
risk reduction determinants; product diversification; synchronization compensation; improved portfolio decisions;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jrisks:v:8:y:2020:i:2:p:51-:d:361573. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.