메뉴 건너뛰기




Volumn 28, Issue 2, 2007, Pages 101-120

Diversification and performance: Evidence from east Asian firms

Author keywords

Asia; Diversification; Economic shock; Firm performance; Institutional environment

Indexed keywords

ECONOMIC AND SOCIAL EFFECTS; ECONOMICS; SOCIETIES AND INSTITUTIONS; STABILITY;

EID: 33846459378     PISSN: 01432095     EISSN: 10970266     Source Type: Journal    
DOI: 10.1002/smj.572     Document Type: Article
Times cited : (215)

References (58)
  • 2
    • 0003833662 scopus 로고    scopus 로고
    • Alston LJ, Eggerston T, North DC eds, Cambridge University Press: Cambridge, U.K
    • Alston LJ, Eggerston T, North DC (eds). 1996. Empirical Studies in Institutional Change. Cambridge University Press: Cambridge, U.K.
    • (1996) Empirical Studies in Institutional Change
  • 4
    • 0034118301 scopus 로고    scopus 로고
    • Growth and institutions: A review of the evidence
    • Aron J. 2000. Growth and institutions: a review of the evidence. World Bank Research Observer 15: 99-135.
    • (2000) World Bank Research Observer , vol.15 , pp. 99-135
    • Aron, J.1
  • 5
    • 0012267425 scopus 로고
    • Self regulation and requisite variety
    • Emery FE ed, Penguin: London
    • Ashby WR. 1969. Self regulation and requisite variety. In Systems Thinking, Emery FE (ed). Penguin: London.
    • (1969) Systems Thinking
    • Ashby, W.R.1
  • 7
    • 0036535304 scopus 로고    scopus 로고
    • Measuring and testing change in strategic management research
    • Bergh DD, Fairbank JF. 2002. Measuring and testing change in strategic management research. Strategic Management Journal 23(4): 359-366.
    • (2002) Strategic Management Journal , vol.23 , Issue.4 , pp. 359-366
    • Bergh, D.D.1    Fairbank, J.F.2
  • 8
    • 0002896295 scopus 로고
    • On the limits of a firm-based theory to explain business networks: The Western bias of neoclassical economics
    • Nohria N, Eccles RG eds, Harvard Business School Press: Boston, MA;
    • Biggart NW, Hamilton GG. 1992. On the limits of a firm-based theory to explain business networks: the Western bias of neoclassical economics. In Networks and Organizations, Nohria N, Eccles RG (eds). Harvard Business School Press: Boston, MA; 471-490.
    • (1992) Networks and Organizations , pp. 471-490
    • Biggart, N.W.1    Hamilton, G.G.2
  • 9
    • 0036501819 scopus 로고    scopus 로고
    • How much does the business group matter in Korea?
    • Chang SJ, Hong J. 2002. How much does the business group matter in Korea? Strategic Management Journal 23(3): 265-274.
    • (2002) Strategic Management Journal , vol.23 , Issue.3 , pp. 265-274
    • Chang, S.J.1    Hong, J.2
  • 10
    • 0010273115 scopus 로고    scopus 로고
    • The Asian crisis: Empirical evidence and policy debate
    • Agenor PR, Miller M, Vines D, Weber A eds, Cambridge University Press: Cambridge, UK;
    • Corsetti G, Pesenti P, Roubini N. 1999. The Asian crisis: empirical evidence and policy debate. In The Asian Financial Crisis: Causes, Contagion and Consequences, Agenor PR, Miller M, Vines D, Weber A (eds). Cambridge University Press: Cambridge, UK; 127-162.
    • (1999) The Asian Financial Crisis: Causes, Contagion and Consequences , pp. 127-162
    • Corsetti, G.1    Pesenti, P.2    Roubini, N.3
  • 11
    • 1542389888 scopus 로고    scopus 로고
    • Fundamental determinants of the Asian crisis: The role of financial fragility and external imbalances
    • Ito T, Krueger AO eds, University of Chicago Press: Chicago, IL;
    • Corsetti G, Pesenti P, Roubini N. 2001. Fundamental determinants of the Asian crisis: the role of financial fragility and external imbalances. In Regional and Global Capital Flows: Macroeconomic Causes and Consequences, Ito T, Krueger AO (eds). University of Chicago Press: Chicago, IL; 11-41.
    • (2001) Regional and Global Capital Flows: Macroeconomic Causes and Consequences , pp. 11-41
    • Corsetti, G.1    Pesenti, P.2    Roubini, N.3
  • 12
    • 34547231094 scopus 로고
    • Conducting and integrating strategy research at the international, corporate and business levels: Issues and directions
    • Dess GD, Gupta A, Hennart J, Hill CWL. 1995. Conducting and integrating strategy research at the international, corporate and business levels: issues and directions. Journal of Management 21: 357-393.
    • (1995) Journal of Management , vol.21 , pp. 357-393
    • Dess, G.D.1    Gupta, A.2    Hennart, J.3    Hill, C.W.L.4
  • 13
    • 23044524774 scopus 로고    scopus 로고
    • Organizational portfolio theory: Performance driven organizational change
    • Donaldson L. 2000. Organizational portfolio theory: performance driven organizational change. Contemporary Economic Policy 18: 386-396.
    • (2000) Contemporary Economic Policy , vol.18 , pp. 386-396
    • Donaldson, L.1
  • 15
    • 0040428441 scopus 로고    scopus 로고
    • The nature of diversified business groups: A research design and two case studies
    • Ghemawat P, Khanna T. 1998. The nature of diversified business groups: a research design and two case studies. Journal of Industrial Economics 46(1): 35-62.
    • (1998) Journal of Industrial Economics , vol.46 , Issue.1 , pp. 35-62
    • Ghemawat, P.1    Khanna, T.2
  • 16
    • 33846399658 scopus 로고
    • Diversity, diversification, and profitability among British manufacturing companies
    • Grant RM, Jammine AP, Thomas H. 1988. Diversity, diversification, and profitability among British manufacturing companies. Academy of Management Journal 31: 771-801.
    • (1988) Academy of Management Journal , vol.31 , pp. 771-801
    • Grant, R.M.1    Jammine, A.P.2    Thomas, H.3
  • 17
    • 0030511668 scopus 로고    scopus 로고
    • Understanding radical organizational change: Bringing together the old and the new institutionalism
    • Greenwood R, Hinnings CR. 1996. Understanding radical organizational change: bringing together the old and the new institutionalism. Academy of Management Review 21: 1022-1054.
    • (1996) Academy of Management Review , vol.21 , pp. 1022-1054
    • Greenwood, R.1    Hinnings, C.R.2
  • 18
    • 0034339443 scopus 로고    scopus 로고
    • Business groups in emerging economies: A resource-based view
    • Guillen MF. 2000. Business groups in emerging economies: a resource-based view. Academy of Management Journal 43(3): 362-380.
    • (2000) Academy of Management Journal , vol.43 , Issue.3 , pp. 362-380
    • Guillen, M.F.1
  • 20
    • 84936824337 scopus 로고
    • Market, culture and authority: A comparative analysis of management and organization in the Far East
    • Hamilton GG, Biggart NW. 1988. Market, culture and authority: a comparative analysis of management and organization in the Far East. American Journal of Sociology 94: 252-294.
    • (1988) American Journal of Sociology , vol.94 , pp. 252-294
    • Hamilton, G.G.1    Biggart, N.W.2
  • 23
    • 0000250716 scopus 로고
    • Specification tests in econometrics
    • Hausman JA. 1978. Specification tests in econometrics. Econometrica 46: 1251-1272.
    • (1978) Econometrica , vol.46 , pp. 1251-1272
    • Hausman, J.A.1
  • 27
    • 0001921324 scopus 로고    scopus 로고
    • Why focused strategies may be wrong for emerging markets
    • Khanna T, Palepu K. 1997. Why focused strategies may be wrong for emerging markets. Harvard Business Review 75(4): 41-51.
    • (1997) Harvard Business Review , vol.75 , Issue.4 , pp. 41-51
    • Khanna, T.1    Palepu, K.2
  • 28
    • 0033447322 scopus 로고    scopus 로고
    • Policy shocks, market intermediaries, and corporate strategy: Evolution of business groups in Chile and India
    • Khanna T, Palepu K. 1999. Policy shocks, market intermediaries, and corporate strategy: evolution of business groups in Chile and India. Journal of Economics and Management Strategy 8: 271-310.
    • (1999) Journal of Economics and Management Strategy , vol.8 , pp. 271-310
    • Khanna, T.1    Palepu, K.2
  • 29
    • 0001937627 scopus 로고    scopus 로고
    • Estimating the performance effects of business groups in emerging economies
    • Khanna T, Rivkin J. 2001. Estimating the performance effects of business groups in emerging economies. Strategic Management Journal 22(1): 45-74.
    • (2001) Strategic Management Journal , vol.22 , Issue.1 , pp. 45-74
    • Khanna, T.1    Rivkin, J.2
  • 30
    • 0035073236 scopus 로고    scopus 로고
    • Strategy and structure in developing countries: Business groups as an evolutionary response to opportunities for unrelated diversification
    • Kock C, Guillen MF. 2001. Strategy and structure in developing countries: business groups as an evolutionary response to opportunities for unrelated diversification. Industrial and Corporate Change 10(1): 77-113.
    • (2001) Industrial and Corporate Change , vol.10 , Issue.1 , pp. 77-113
    • Kock, C.1    Guillen, M.F.2
  • 31
    • 0036012112 scopus 로고    scopus 로고
    • Agency and institutions: National divergences in diversification behavior
    • Kogut B, Walker G, Anand J. 2002. Agency and institutions: national divergences in diversification behavior. Organization Science 13(2): 162-178.
    • (2002) Organization Science , vol.13 , Issue.2 , pp. 162-178
    • Kogut, B.1    Walker, G.2    Anand, J.3
  • 33
    • 0040426296 scopus 로고    scopus 로고
    • International evidence on the value of corporate diversification
    • Lins K, Servaes H. 1999. International evidence on the value of corporate diversification. Journal of Finance 54: 2215-2239.
    • (1999) Journal of Finance , vol.54 , pp. 2215-2239
    • Lins, K.1    Servaes, H.2
  • 34
    • 21344492751 scopus 로고
    • Extending modern portfolio theory into the domain of corporate diversification: Does it apply?
    • Lubatkin M, Chatterjee S. 1994. Extending modern portfolio theory into the domain of corporate diversification: does it apply? Academy of Management Journal 37(1): 109-136.
    • (1994) Academy of Management Journal , vol.37 , Issue.1 , pp. 109-136
    • Lubatkin, M.1    Chatterjee, S.2
  • 35
    • 0001376710 scopus 로고
    • Consequence of corporate refocusing: Ex-ante evidence
    • Markides CC. 1992. Consequence of corporate refocusing: ex-ante evidence. Academy of Management Journal 35: 398-412.
    • (1992) Academy of Management Journal , vol.35 , pp. 398-412
    • Markides, C.C.1
  • 36
    • 0030304389 scopus 로고    scopus 로고
    • Corporate diversification and organizational structures: A resource based view
    • Markides CC, Williamson PJ. 1996. Corporate diversification and organizational structures: a resource based view. Academy of Management Journal 39: 340-367.
    • (1996) Academy of Management Journal , vol.39 , pp. 340-367
    • Markides, C.C.1    Williamson, P.J.2
  • 37
    • 84870283553 scopus 로고
    • Takeover motives during the conglomerate takeover wave
    • Matsusaka J. 1993. Takeover motives during the conglomerate takeover wave. RAND Journal of Economics 24: 357-379.
    • (1993) RAND Journal of Economics , vol.24 , pp. 357-379
    • Matsusaka, J.1
  • 40
    • 0034339121 scopus 로고    scopus 로고
    • Organizational transformation during institutional upheaval
    • Newman K. 2000. Organizational transformation during institutional upheaval. Academy of Management Review 25: 602-619.
    • (2000) Academy of Management Review , vol.25 , pp. 602-619
    • Newman, K.1
  • 41
    • 0038343725 scopus 로고    scopus 로고
    • Towards an attention based view of the firm
    • Ocasio W. 1997. Towards an attention based view of the firm. Strategic Management Journal, Summer Special Issue 18: 187-206.
    • (1997) Strategic Management Journal , vol.18 , pp. 187-206
    • Ocasio, W.1
  • 42
    • 84989095272 scopus 로고
    • Diversification strategy, profit performance and the entropy measure
    • Palepu K. 1985. Diversification strategy, profit performance and the entropy measure. Strategic Management Journal 6(3): 239-255.
    • (1985) Strategic Management Journal , vol.6 , Issue.3 , pp. 239-255
    • Palepu, K.1
  • 43
    • 0001487363 scopus 로고    scopus 로고
    • Curvilinearity in the diversification-performance linkage: An examination of over three decades of research
    • Palich LE, Cardinal LB, Miller CC. 2000. Curvilinearity in the diversification-performance linkage: an examination of over three decades of research. Strategic Management Journal 21(2): 155-174.
    • (2000) Strategic Management Journal , vol.21 , Issue.2 , pp. 155-174
    • Palich, L.E.1    Cardinal, L.B.2    Miller, C.C.3
  • 44
    • 0013141557 scopus 로고    scopus 로고
    • Towards an institution-based view of business strategy
    • Peng MW. 2002. Towards an institution-based view of business strategy. Asia Pacific Journal of Management 19: 251-267.
    • (2002) Asia Pacific Journal of Management , vol.19 , pp. 251-267
    • Peng, M.W.1
  • 45
    • 0039567295 scopus 로고
    • A refinement of the entropy measure of diversification: Toward definitional and computational accuracy
    • Raghunathan SP. 1995. A refinement of the entropy measure of diversification: toward definitional and computational accuracy. Journal of Management 21: 989-1002.
    • (1995) Journal of Management , vol.21 , pp. 989-1002
    • Raghunathan, S.P.1
  • 46
    • 0031479890 scopus 로고    scopus 로고
    • Toward a theory of strategic change: A multi-lens perspective and integrative framework
    • Rajagopalan N, Spreitzer GM. 1997. Toward a theory of strategic change: a multi-lens perspective and integrative framework. Academy of Management Review 22: 48-79.
    • (1997) Academy of Management Review , vol.22 , pp. 48-79
    • Rajagopalan, N.1    Spreitzer, G.M.2
  • 47
    • 84989052435 scopus 로고
    • Research on corporate diversification: A synthesis
    • Ramanujam V, Varadarajan P. 1989. Research on corporate diversification: a synthesis. Strategic Management Journal 10(6): 523-551.
    • (1989) Strategic Management Journal , vol.10 , Issue.6 , pp. 523-551
    • Ramanujam, V.1    Varadarajan, P.2
  • 49
    • 0942268003 scopus 로고    scopus 로고
    • Temporarily divide to conquer: Centralized, decentralized, and reintegrated organizational approaches to exploration and adaptation
    • Siggelkow N, Levinthal DA. 2003. Temporarily divide to conquer: centralized, decentralized, and reintegrated organizational approaches to exploration and adaptation. Organization Science 14(6): 650-669.
    • (2003) Organization Science , vol.14 , Issue.6 , pp. 650-669
    • Siggelkow, N.1    Levinthal, D.A.2
  • 50
    • 33846440165 scopus 로고    scopus 로고
    • Governments in business: An empirical analysis of the strategies and success of government linked corporations in Singapore
    • Academy of Management: Chicago, IL;
    • Singh K, Ang SH. 1999. Governments in business: an empirical analysis of the strategies and success of government linked corporations in Singapore. Best Paper Proceedings, Academy of Management: Chicago, IL; C1-C6.
    • (1999) Best Paper Proceedings
    • Singh, K.1    Ang, S.H.2
  • 51
    • 0034521960 scopus 로고    scopus 로고
    • Strategic lessons from the Asian crisis
    • Singh K, Yip G. 2000. Strategic lessons from the Asian crisis. Long Range Planning 33: 706-729.
    • (2000) Long Range Planning , vol.33 , pp. 706-729
    • Singh, K.1    Yip, G.2
  • 52
    • 0000251280 scopus 로고    scopus 로고
    • Ownership structure and economic performance in the largest European companies
    • Thomsen S, Pedersen T. 2000. Ownership structure and economic performance in the largest European companies. Strategic Management Journal 21(6): 689-705.
    • (2000) Strategic Management Journal , vol.21 , Issue.6 , pp. 689-705
    • Thomsen, S.1    Pedersen, T.2
  • 54
    • 0037298038 scopus 로고    scopus 로고
    • Home country environments, corporate diversification strategies, and firm performance
    • Wan C, Hoskisson RE. 2003. Home country environments, corporate diversification strategies, and firm performance. Academy of Management Journal 46: 27-45.
    • (2003) Academy of Management Journal , vol.46 , pp. 27-45
    • Wan, C.1    Hoskisson, R.E.2
  • 55
    • 33846027557 scopus 로고    scopus 로고
    • Rigor and relevance in Asian management research: Where are we and where can we go?
    • White S. 2002. Rigor and relevance in Asian management research: where are we and where can we go? Asia Pacific Journal of Management 19: 287-352.
    • (2002) Asia Pacific Journal of Management , vol.19 , pp. 287-352
    • White, S.1
  • 58
    • 18744396117 scopus 로고    scopus 로고
    • World Bank, World Bank: Washington, DC
    • World Bank. 1998. World Development Indictors. World Bank: Washington, DC.
    • (1998) World Development Indictors


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.