000			02696nam a22002897a 4500
003			OSt
005			20260515120004.0
008			260121b |||||||| |||| 00| 0 eng d
022			_a1460-8545
022			_a1468-2370
040			_aTBS _bEN _cTBS
041			_aeng
100			_aPurkayastha, Saptarshi _927007 _eauthor
245			_aDiversification and performance in developed and emerging market contexts _b: a review of the literature _c/ Saptarshi Purkayastha., Tatiana S. Manolova, & Linda F. Edelman.
260			_bInternational Journal of Management Reviews, _c2012.
300			_a18-38 pages.
362			_aInternational journal of management reviews : IJMR, 2012-03, Vol.14 (1), p.18-38
520			_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.
630		0	_aMSc International Business _926977
650		0	_aEmerging markets _926991
650		0	_aDiversification _927010
650		0	_aStrategic management _912443
700			_aManolova, Tatiana S. _927008 _eauthor
700			_aEdelman, Linda F. _927009 _eauthor
856			_uhttps://research-ebsco-com.hub.tbs-education.fr/c/q5dvh4/viewer/pdf/xh63iew5tr
942			_2lcc
999			_c5219 _d5219