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Corporate diversification and efficiency: evidence from Taiwanese top 100 manufacturing firms

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dc.citedby8
dc.contributor.authorWang W.-K.en_US
dc.contributor.authorTing I.W.K.en_US
dc.contributor.authorKuo K.-C.en_US
dc.contributor.authorKweh Q.L.en_US
dc.contributor.authorLin Y.-H.en_US
dc.contributor.authorid23096112500en_US
dc.contributor.authorid57211409300en_US
dc.contributor.authorid56480024400en_US
dc.contributor.authorid55661469500en_US
dc.contributor.authorid57190575176en_US
dc.date.accessioned2023-05-29T06:52:31Z
dc.date.available2023-05-29T06:52:31Z
dc.date.issued2018
dc.description.abstractFor at least the last two decades, diversification has been an important issue in the strategic management research. This paper explores how diversification affects the corporate performance of the top 100 manufacturing companies in Taiwan, which were selected based on a ranking survey of Taiwanese manufacturing firms conducted by Common Wealth Magazine in 2014. This paper adopts a dynamic data envelopment analysis model to estimate efficiency in the first stage, and adopts OLS regression analysis in the second stage from 2009 to 2013. Two proxies, namely the Entropy approach and the Herfindahl�Hirschman Index, are used to proxy for diversification. The results indicate that diversification has positive impacts on dynamic efficiency, after controlling firm-specific factors. Concisely, this study empirically proves that diversification is an important corporate strategy for improving corporate performance over long-term periods. Overall, �putting eggs in various baskets� enable companies to not only survive, but also sustain competitive advantage in today�s challenging business world. � 2016, Springer-Verlag Berlin Heidelberg.en_US
dc.description.natureFinalen_US
dc.identifier.doi10.1007/s12351-016-0259-4
dc.identifier.epage203
dc.identifier.issue1
dc.identifier.scopus2-s2.0-84981225193
dc.identifier.spage187
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84981225193&doi=10.1007%2fs12351-016-0259-4&partnerID=40&md5=b778a5fb6159e4b2bc9257ec6b27f017
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/23863
dc.identifier.volume18
dc.publisherSpringer Verlagen_US
dc.sourceScopus
dc.sourcetitleOperational Research
dc.titleCorporate diversification and efficiency: evidence from Taiwanese top 100 manufacturing firmsen_US
dc.typeArticleen_US
dspace.entity.typePublication
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