02876nam a22003017a 4500003000400000005001700004008004100021022001400062022001400076040001700090041000800107100004200115245017600157260005600333300001700389362008500406520160700491630003802098650002802136650002702164650003202191700004002223700003702263856008302300942000802383952016802391999001502559OSt20260515120004.0260121b        |||||||| |||| 00| 0 eng d  a1460-8545  a1468-2370  aTBSbENcTBS  aeng  aPurkayastha, Saptarshi927007eauthor  aDiversification and performance in developed and emerging market contextsb: a review of the literaturec/ Saptarshi Purkayastha., Tatiana S. Manolova, & Linda F. Edelman.  bInternational Journal of Management Reviews,c2012.  a18-38 pages.  aInternational journal of management reviews : IJMR, 2012-03, Vol.14 (1), p.18-38  aThe link between diversification and performance has become an important topic for research in diverse fields such as strategic management, industrial organization and financial management. However, a synthesis of the research done in developed and emerging markets is missing. This paper attempts such a synthesis by comparing and contrasting the past cumulative empirical research evidence on the relationship between diversification and firm performance in the context of developed economies to the more recent work in the emerging economies. The empirical literature has been divided into three broad perspectives, and the paper highlights the considerable diversity in its findings in developed and emerging markets across each of these perspectives. Based on this study, it is proposed that related diversification is preferable in developed economies and should be based on specific resources, whereas unrelated diversification is appropriate in emerging economies and should be based on generic resources. Although agency problems exist in both contexts, it is argued that the type of problem differs in developed and emerging markets. The paper concludes by identifying three directions for future research. First, the relationship between diversification and performance should be examined across each industry separately and not in aggregate. Secondly, future research needs to examine the organizational mechanisms required to make diversification successful. Finally, the relationship needs to be examined under unstable and dynamic situations such as the current global economic downturn. 0aMSc International Business926977 0aEmerging markets926991 0aDiversification927010 0aStrategic management912443  aManolova, Tatiana S.927008eauthor  aEdelman, Linda F.927009eauthor  uhttps://research-ebsco-com.hub.tbs-education.fr/c/q5dvh4/viewer/pdf/xh63iew5tr  2lcc  00102lcc40708CTaTBSbTBSd2026-05-13l0p5219r2026-05-13uhttps://research-ebsco-com.hub.tbs-education.fr/c/q5dvh4/viewer/pdf/xh63iew5trw2026-05-13yARTICLE  c5219d5219