The relationship between prior performance and diversification: A study of three industries

Management Decision

Volumn 36, Issue 3, 1998, Pages 180-188

  Mukherji, Ananda ^a  

^a SOUTHERN ILLINOIS UNIVERSITY   (United States)

Author keywords

Diversification; Organizational performance; Strategy; Success

Indexed keywords

EID: 84986077493     PISSN: 00251747     EISSN: None     Source Type: Journal    
DOI: 10.1108/00251749810208977     Document Type: Article

References (41)

1. Amit, R. and Livnat, J. (1988, “Diversification strategies, business cycles and economic performance”, Strategic Management Journal, Vol. 9, pp. 99-110.
2. Barney, J.B. (1986, “Strategic factor markets: expectations, luck and business strategy”, Management Science, Vol. 32 No. 10, pp. 1231-41.
3. Bass, F.M., Cattin, P. and Wittink, D.R. (1978, “Firm effects and industry effects in the analysis of market structure and profitability”, Journal of Marketing Research, Vol. 15, pp. 3-10.
4. Bettis, R.A. (1981, “Performance differences in related and unrelated diversified firms”, Strategic Management Journal, Vol. 2, pp. 379-83.
5. Bettis, R.A. and Hall, W.K. (1982, “Diversification strategy, accounting determined risk, and accounting determined return”, Academy of Management Journal, Vol. 25, pp. 254-64.
6. Biggadike, R. (1979, “The risky business of diversification”, Harvard Business Review, Vol. 57 No. 3, pp. 103-111.
7. Busija, E.C., O’Neill, H.M. and Zeithaml, C.P. (1997, “Diversification strategy, entry mode and performance: evidence of choice and constraints”, Strategic Management Journal, Vol. 18, pp. 321-8.
8. Cannella, A.A. and Hambrick, D.C. (1993, “Effects of executive departures on the performance of acquired firms”, Strategic Management Journal, Vol. 14, pp. 137-52.
9. Christensen, H.K. and Montgomery, C.A. (1981, “Corporate economic performance: diversification strategy versus market structure”, Strategic Management Journal, Vol. 2, pp. 327-43.
10. Datta, D.K. (1991, “Organizational fit and acquisition performance: effects of post acquisition integration”, Strategic Management Journal, Vol. 12, pp. 281-97.
11. Downie, N.M. and Heath, R.W. (1965, Basic Statistical Methods, 2nd ed., Harper and Row, New York, NY.
12. Duhaime, I.M. and Stimpert, J.L. (1994, “Seeing the big picture: The influence of industry diversification and business strategy on firm performance”, unpublished working paper, The University of Memphis, Memphis, TN.
13. Francis, A. (1992, “The process of national industrial regeneration and competitiveness”, Strategic Management Journal, Vol. 13, pp. 61-78.
14. Ghazanfar, A., McGee, J. and Thomas, H. (1985, “Conceptual framework for making sense of complex industries”, presented at the Global Strategies Symposium, Stockholm School of Economics.
15. Hall, E.H. and St. John. C.H. (1994, “A methodological note on diversity measurement”, Strategic Management Journal, Vol. 15, pp. 153-68.
16. Hall, L. and Sweeney, J. (1986, “Profitability of mergers in food manufacturing”, Applied Economics, Vol. 18, pp. 709-27.
17. Hatten, K.J., Schendel, D.E. and Cooper, A.C. (1978, “A strategic model of the US brewing industry: 1952-1971”, Academy of Management Journal, Vol. 21 No. 4, pp. 592-610.
18. Hatten, K.J. and Hatten, M.L. (1985, “Some empirical insights for strategic marketers: The case of beer”, in Thomas, H. and Gardner, D.M. (Eds), Strategic Marketing and Management, John Wiley, New York, NY.
19. Henderson, B.D. (1979, Henderson on Corporate Strategy Mentor, New York, NY.
20. Hill, C.W.L. and Hansen, G.S. (1991, “A longitudinal study of the causes and consequences of changes in diversification in the US pharmaceutical industry 1977-1986”, Strategic Management Journal, Vol. 12, pp. 187-99.
21. Levinthal, D. and Myatt, J. (1994, “Coevolution of capabilities and industries: The evolution of mutual fund processing”, Strategic Management Journal, Vol. 15 No. S2, pp. 45-62.
22. Lubatkin, M., Merchant, H. and Srinivasan, N. (1993, “Construct validity of some unweighted product-count diversification measures”, Strategic Management Journal, Vol. 14, pp. 433-49.
23. Mancke, R.B. (1974, “Causes of interfirm profitability differences: A new interpretation of the evidence”, The Quarterly Journal of Economics, Vol. 88 No. 2, pp. 181-93.
24. Markides, C.C. and Williamson, P.J. (1994, “Related diversification, core competencies and corporate performance”, Strategic Management Journal, Vol. 15, pp. 149-66.
25. Markides, C.C. and Williamson, P.J. (1996, “Corporate diversification and organization structure: A resource-based view”, Academy of Management Journal, Vol. 39 No. 2, pp. 340-67.
26. McGee, J. and Thomas, H. (1986, “Strategic groups: Theory, research and taxonomy”, Strategic Management Journal, Vol. 7, pp. 141-60.
27. Michel, A. and Shaked, I. (1984, “Does business diversification affect performance?”, Financial Management, Vol. 13, pp. 18-25.
28. Montgomery, C.A. and Wilson, V.A. (1986, “Mergers that last: A predictable pattern?”, Strategic Management Journal, Vol. 7, pp. 91-6.
29. Nater, J., Wasserman, W. and Kunter, M.H. (1990, Applied Linear Statistical Models: Regression, Analysis of Variance, and Experimental Design, Irwin, Boston, MA.
30. National Income and Product Account of the US (1993, Department of Commerce, Washington, DC.
31. Nelson, R. and Winter, S. (1982, An Evolutionary Theory of Economic Change, Harvard University Press, Cambridge, MA.
32. Palepu, K. (1985, “Diversification strategy, profit performance and the entropy measure”, Strategic Management Journal, Vol. 6, pp. 239-55.
33. Porter, M.E. (1974, “Consumer behavior, retailer power and market performance in consumer good industries”, The Review of Economics and Statistics, Vol. 56 No. 4, pp. 419-36.
34. Porter, M.E. (1980, Competitive Strategy: Techniques for Analyzing Industries and Competitors, Free Press, New York, NY.
35. Porter, M.E. (1991, “Towards a dynamic theory of strategy”, Strategic Management Journal, Vol. 12, pp. 95-117.
36. Ramanujam, V. and Varadarajan, P. (1989, “Research on corporate diversification: a synthesis”, Strategic Management Journal, Vol. 10, pp. 523-51.
37. Rumelt, R.P. (1974, Strategy, Structure and Economic Performance, Harvard Business School Press, Boston, MA.
38. Rumelt, R.P. (1982, “Diversification strategy and profitability”, Strategic Management Journal, Vol. 3, pp. 359-70.
39. Stimpert, J.L. and Duhaime, I.M. (1990, “Is successful diversification possible?”, unpublished working paper, The University of Memphis, Memphis, TN.
40. Sutton, R. (1990, “Organizational processes: A social psychological perspective”, Research in Organizational Behavior, Vol. 12, pp. 205-53.
41. Wernerfelt, B. and Montgomery, C.A. (1988, “Tobin's q and the importance of focus in firm performance”, Strategic Management Journal, Vol. 7, pp. 246-50.