Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/176283 
Erscheinungsjahr: 
2013
Schriftenreihe/Nr.: 
Working Paper No. 265
Verlag: 
Indian Council for Research on International Economic Relations (ICRIER), New Delhi
Zusammenfassung: 
Integrating the impact of resources and institutional factors, this study compares and contrasts the dynamic relationships between product diversification, business group affiliation and firm performance in two major economies in Asia. India and Japan have been chosen as they represent different macroeconomic conditions in which firms operate. Research following Rumelt (1974) implicitly assumed that the diversification-performance relationship is consistent, regardless of the macro-economic context. This study questions this assumption by examining the relationship among firms operating in two different macroeconomic environments. Further, studies linking diversification with firm performance have been carried out mainly in relatively stable environments. This study examines the impact of diversification on firm performance in contrasting macroeconomic conditions in India and Japan during periods of scarcity. The study also examines the moderating influence of group affiliation on the diversification-performance relationship during conditions of scarcity. The study finds that while the impact of diversification on performance changes from positive to negative when the macro environment changes from munificent to scarce, the moderating influence of business group affiliation remains constant, irrespective of the macro-environment.
Schlagwörter: 
Diversification
Business groups
Keiretsu
Firm performance
Macro-economic Environment
JEL: 
M1
F23
L6
Dokumentart: 
Working Paper

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