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A Model for Diversification
2 references·16 citing·48 second hop
A Model for Diversification (1958)A Model for DiversificationThe Practice of Management (2012)The Practice of ManagementThe Theory of Investment Value, by John Burr Williams (1939)The Theory of Investment Valu…Does corporate diversification strategy affect stock price crash risk? (2023)Does corporate diversificatio…Conditions that make ventures thrive: from individual entrepreneur to innovation impact (2023)Conditions that make ventures…Turning crises into opportunities in the service sector: how to build antifragility in small and medium service enterprises (2022)Turning crises into opportuni…Strategic public finance governance: European integration course, international trends, national peculiarities (2022)Strategic public finance gove…Strategic Deviance, Diversification and Enterprise Resilience in the Context of COVID-19: Heterogeneous Effect of Managerial Power (2021)Strategic Deviance, Diversifi…Half a century of research on corporate diversification: A new comprehensive framework (2020)Half a century of research on…The influence of industry downturns on the propensity of product versus process innovation (2013)The influence of industry dow…The resource-based view of diversification success: conceptual issues, methodological flaws, and future directions (2012)The resource-based view of di…Ansoff revisited (2010)Ansoff revisitedEffect of diversification on capital structure (2009)Effect of diversification on …Exploring Differences between Inventors, Champions, Implementers and Innovators in Creating and Developing New Products in Large, Mature Firms (2007)Exploring Differences between…Diversification Strategy of Global Media Conglomerates: Examining Its Patterns and Determinants (2003)Diversification Strategy of G…Die Planung des Produktions- und des Absatzprogramms (1990)Die Planung des Produktions- …Uncertainty and synergy: Towards a formal model of corporate strategy (1987)Uncertainty and synergy: Towa…Conglomerate diversification and performance: a survey and time series analysis (1980)Conglomerate diversification …A Quasi-Analytic Approach to the Business Strategy Problem (1964)A Quasi-Analytic Approach to …Competitive Strategy: Techniques for Analyzing Industries and Competitors (1980)Investment Under Uncertainty. (1994)The Theory of Economic Development (2003)Strategy and Structure: Chapters in the History of the American Industrial Enterprise (1962)Firm Resources and Sustained Competitive Advantage (1991)Firm resources and sustained competitive advantage (2004)Completion or Abandonment of Mergers and Acquisitions: Evidence from the Newspaper Industry, 1981–2000 (2007)Diversification: Literature Review and Issues (2015)Conquering in emerging markets: critical success factors to enhance supply chain performance (2017)A resource‐based view of the firm (1984)A resource-based analysis of realized knowledge relatedness in diversified firms (2016)Dynamic capabilities: towards an organizing framework (2016)Organizational wisdom practices and firm product innovation (2017)The Nature of the Firm (1937)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Using simulated mergers to evaluate corporate diversification strategies (1986)The Impact of Internationalization on the Diversification–Performance Relationship (2000)Environment-Strategy-Performance Linkages: A Study of Indian Firms during Economic Liberalization (2004)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Initial conditions and moment restrictions in dynamic panel data models (1998)Determinants of the capital structure of Portuguese firms with investments in Angola (2017)Diversification, capital structure and profitability: A panel VAR approach (2017)The impact of corporate strategy on capital structure: evidence from Italian listed firms (2019)Communication of Innovations: A Cross-Cultural Approach. (1974)Qualitative data analysis (2nd ed) (1996)PERSONAL CHARACTERISTICS OF INNOVATORS — AN EMPIRICAL STUDY OF ROLES IN INNOVATION MANAGEMENT (2010)Serial Innovators' processes: How they overcome barriers to creating radical innovations (2014)Divergent Thinking: The Role of Decision-Making Styles (2020)MONOPOLISTIC COMPETITION AND OPTIMUM PRODUCT DIVERSITY (1975)The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration (1986)Bibliometric Methods in Management and Organization (2014)Institutions and Firms’ Performance: A Bibliometric Analysis and Future Research Avenues (2022)The motivation and impact of polluting Enterprises' diversifications: Quasi-natural experiments from environmental protection interview (2023)Market mechanisms for energy transition: Fossil energy price shocks and irrational renewable energy financing (2024)Strategic Management (1979)Financial Globalization: A Reappraisal (2006)Implanting Strategic Management (2018)Infrastructure financing in the course of overcoming wartime consequences (2022)Tax incentives under martial law: compliance-risk management (2022)Public Financial Management in martial time and post-war reconstruction of Ukraine: scientific support of transformations (2023)THE TAX‐ADJUSTED YIELD CURVE (1975)Bulls, bears and market sheep (1990)Comparing the Accuracy and Explainability of Dividend, Free Cash Flow, and Abnormal Earnings Equity Value Estimates (2000)The Capabilities of Market-Driven Organizations (1994)Corporate Social Responsibility (1999)The Business Case for Corporate Social Responsibility: A Review of Concepts, Research and Practice (2010)
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References

  • 2012The Practice of Management3,745 cited
  • 1939The Theory of Investment Value, by John Burr Williams623 cited

Cited by

  • 2003Diversification Strategy of Global Media Conglomerates: Examining Its Patterns and Determinants119 cited
  • 2009Effect of diversification on capital structure74 cited
  • 2007Exploring Differences between Inventors, Champions, Implementers and Innovators in Creating and Developing New Products in Large, Mature Firms60 cited
  • 2013The influence of industry downturns on the propensity of product versus process innovation55 cited
  • 2020Half a century of research on corporate diversification: A new comprehensive framework50 cited
  • 2022Strategic public finance governance: European integration course, international trends, national peculiarities41 cited
  • 1980Conglomerate diversification and performance: a survey and time series analysis41 cited
  • 2012The resource-based view of diversification success: conceptual issues, methodological flaws, and future directions41 cited
  • 2010Ansoff revisited36 cited
  • 2022Turning crises into opportunities in the service sector: how to build antifragility in small and medium service enterprises33 cited
  • 1990Die Planung des Produktions- und des Absatzprogramms29 cited
  • 1964A Quasi-Analytic Approach to the Business Strategy Problem

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27 cited
  • 2023Does corporate diversification strategy affect stock price crash risk?25 cited
  • 2021Strategic Deviance, Diversification and Enterprise Resilience in the Context of COVID-19: Heterogeneous Effect of Managerial Power19 cited
  • 1987Uncertainty and synergy: Towards a formal model of corporate strategy14 cited
  • 2023Conditions that make ventures thrive: from individual entrepreneur to innovation impact13 cited