Diversification patterns and long‐term corporate performance
作者:
Sankar De,
期刊:
Managerial and Decision Economics
(WILEY Available online 1992)
卷期:
Volume 13,
issue 1
页码: 1-13
ISSN:0143-6570
年代: 1992
DOI:10.1002/mde.4090130102
出版商: John Wiley&Sons, Ltd.
数据来源: WILEY
摘要:
AbstractThis study examines the relationship between diversification patterns of corporations and their long‐term performance. It is seen that the standard performance measures suggested in corporate finance literature rate all corporations equally in the long run regardless of their diversification strategies. This is because all corporations tend to earn a normal rate of return, given risk, for their shareholders in generally efficient capital markets. Since finance performance measures are not helpful in analyzing corporate performance, use of other measures is suggested for the purpos
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