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Financial Performance, Risk, and Specialization
12 references·16 citing·42 second hop
Financial Performance, Risk, and Specialization (1997)Financial Performance, Risk, and Speciali…Downscoping: How to Tame the Diversified Firm. (1997)Downscoping: How to Tame the …Tobin's q, Corporate Diversification, and Firm Performance (1994)Tobin's q, Corporate Diversif…Downscoping (1994)DownscopingCorporate Diversification (1994)Corporate DiversificationTobin's Q, Corporate Diversification and Firm Performance (1993)Tobin's Q, Corporate Diversif…Tobin's q and the Importance of Focus in Firm Performance (1988)Tobin's q and the Importance …The competitive firm's response to risk (1987)The competitive firm's respon…Economies of scope (1981)Economies of scopeApproximating Expected Utility by a Function of Mean and Variance (1979)Approximating Expected Utilit…Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…PORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*Survey of current business (1921)Survey of current businessSelected Economic Determinants of Labor Profitability in Family Farms in Poland in Relation to Economic Size (2022)Selected Economic Determinant…The Impact of Size and Specialization on the Financial Performance of Agricultural Cooperatives (2020)The Impact of Size and Specia…The Effects of Diversification Activities on the Technical Efficiency of Organic Farms in Switzerland, Austria, and Southern Germany (2018)The Effects of Diversificatio…Farmland rental markets: trends in contract type, rates, and risk (2013)Farmland rental markets: tren…The Impact of Human Capital on Farm Operator Household Income (2011)The Impact of Human Capital o…Joint measurement of farm size and farm performance: a confirmatory factor analysis (2011)Joint measurement of farm siz…A financial analysis of the effect of the mix of crop and sheep enterprises on the risk profile of dryland farms in south-eastern Australia (2011)A financial analysis of the e…Factors affecting financial performance of new and beginning farmers (2009)Factors affecting financial p…The Effect of Human Resource Management Practices on Farm Profitability: An Initial Assessment (2008)The Effect of Human Resource …Determinants of Return on Equity in U.S. Local Farm Supply and Grain Marketing Cooperatives (2007)Determinants of Return on Equ…The Farm Diversification Discount (2005)The Farm Diversification Disc…Financial management practices and farm profitability (2003)Financial management practice…Predictors of farm performance and repayment ability as factors for use in risk‐rating models (2002)Predictors of farm performanc…Business growth strategies of Illinois grain farms (2002)Business growth strategies of…Economic risk and the structural characteristics of farm businesses (2001)Economic risk and the structu…Factors affecting the profitability of limited resource and other small farms (1999)Factors affecting the profita…Tobin's $q$ Ratio and Industrial Organization (1981)The cornerstones of competitive advantage: A resource‐based view (1993)The Theory of the Growth of the Firm (1995)Dynamic capabilities and strategic management (1997)Dynamic capabilities: what are they? (2000)Financing Constraints and Corporate Investment (1987)Financing Constraints and Corporate Investment (1988)Eclipse of the Public Corporation (1999)The consolidation of the financial services industry: Causes, consequences, and implications for the future (1999)Digital Business Strategy: Toward a Next Generation of Insights (2013)Do ESG Controversies Matter for Firm Value? Evidence from International Data (2016)Portfolio Selection: Efficient Diversification of Investments (1959)Risk Aversion in the Small and in the Large (1976)Mean-Variance Versus Direct Utility Maximization (1984)Commissioned Paper: Capacity Management, Investment, and Hedging: Review and Recent Developments (2003)60 Years of portfolio optimization: Practical challenges and current trends (2013)The Nature of the Firm (1937)The Cross-Section of Expected Stock Returns (1992)Higher market valuation of companies with a small board of directors (1996)A Survey of Corporate Governance (1997)Enjoying the Quiet Life? Corporate Governance and Managerial Preferences (2003)The market for corporate control (1983)Management ownership and market valuation (1988)Product sequencing: co-evolution of knowledge, capabilities and products (2000)Related Variety, Unrelated Variety and Regional Economic Growth (2007)Fifty Years of Empirical Studies of Innovative Activity and Performance (2010)American Economic Review (2019)The relationship between return and market value of common stocks (1981)Capital-skill Complementarity and Inequality: A Macroeconomic Analysis (2000)The Resurgence of Growth in the Late 1990s: Is Information Technology the Story? (2000)The Economics of Product Variety: A Survey (1990)Technological diversity, related diversification, and firm performance (2006)Text-Based Network Industries and Endogenous Product Differentiation (2011)Risk Aversion and Yield Uncertainty in Duality Models of Production: A Mean‐Variance Approach (1999)Supply Chain Management: Models, Applications, and Research Directions (2005)Production Economics and Farm Management: a Century of Contributions (2010)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)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)Conditional value-at-risk for general loss distributions (2002)Optimal Versus Naive Diversification: How Inefficient is the 1/ N Portfolio Strategy? (2007)The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)
this work references cited by second hop

References

  • 1952PORTFOLIO SELECTION*13,480 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 1994Tobin's q, Corporate Diversification, and Firm Performance2,437 cited
  • 1921Survey of current business2,134 cited
  • 1988Tobin's q and the Importance of Focus in Firm Performance955 cited
  • 1981Economies of scope949 cited
  • 1979Approximating Expected Utility by a Function of Mean and Variance874 cited
  • 1993Tobin's Q, Corporate Diversification and Firm Performance644 cited
  • 1994Corporate Diversification588 cited
  • 1987The competitive firm's response to risk396 cited
  • 1997Downscoping: How to Tame the Diversified Firm.199 cited
  • 1994Downscoping175 cited

Cited by

  • 2009Factors affecting financial performance of new and beginning farmers94 cited
  • 2020The Impact of Size and Specialization on the Financial Performance of Agricultural Cooperatives67 cited
  • 2003Financial management practices and farm profitability62 cited
  • 2005The Farm Diversification Discount54 cited

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  • 2007Determinants of Return on Equity in U.S. Local Farm Supply and Grain Marketing Cooperatives53 cited
  • 2001Economic risk and the structural characteristics of farm businesses46 cited
  • 1999Factors affecting the profitability of limited resource and other small farms46 cited
  • 2018The Effects of Diversification Activities on the Technical Efficiency of Organic Farms in Switzerland, Austria, and Southern Germany40 cited
  • 2011The Impact of Human Capital on Farm Operator Household Income35 cited
  • 2002Predictors of farm performance and repayment ability as factors for use in risk‐rating models33 cited
  • 2011Joint measurement of farm size and farm performance: a confirmatory factor analysis27 cited
  • 2022Selected Economic Determinants of Labor Profitability in Family Farms in Poland in Relation to Economic Size26 cited
  • 2008The Effect of Human Resource Management Practices on Farm Profitability: An Initial Assessment21 cited
  • 2002Business growth strategies of Illinois grain farms20 cited
  • 2013Farmland rental markets: trends in contract type, rates, and risk19 cited
  • 2011A financial analysis of the effect of the mix of crop and sheep enterprises on the risk profile of dryland farms in south-eastern Australia18 cited