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Corporate Diversification And The Effects Of Firm Characteristics On Diversification Modes: United States, European And Japanese Firm Behavior, Somkiat Mansumitrchai
Corporate Diversification And The Effects Of Firm Characteristics On Diversification Modes: United States, European And Japanese Firm Behavior, Somkiat Mansumitrchai
Theses and Dissertations - UTB/UTPA
Many studies have examined corporate diversification (Porter, 1987; Ramanujam and Varadarajan, 1989; Markides and Williamson, 1994; Markides, 1995). A classical study of diversification transactions of 33 U.S. industrial firms during 1950–1986 by Porter (1987) provided historical background on U.S. leading firms during four decades. Porter (1987) found that U.S. large industrial firms were more active in acquisitions than other diversification modes such as joint ventures and startups. His study also shows that U.S. industrial firms divested many business units they had acquired, indicating unsuccessful diversification strategy.
I extended Porter's (1987) study to investigate the diversification behavior of the same U.S. …