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‘Stick to the knitting’ vs. ‘the mysteriously potent charm of diversification’: the Greek evidence
Author(s) -
Droucopoulos Vassilis,
Papadogonas Theodore
Publication year - 1999
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/(sici)1099-1468(199906)20:4<217::aid-mde929>3.0.co;2-c
Subject(s) - diversification (marketing strategy) , charm (quantum number) , set (abstract data type) , business , economics , industrial organization , management , marketing , computer science , physics , quantum mechanics , programming language
This paper provides evidence on the extent, nature of and factors associated with diversification using a novel set of data, referring to both firms and plants, from the Greek manufacturing sector (1992). The paper brings together a strand of hypotheses formulated, and partially tested, in the relevant literature. More specifically, we investigate the relationship between the degree of diversification and firm/industry characteristics by separately examining the behaviour of multiplant and uniplant firms. Certain patterns emerge which are then compared with those that arose in other studies. Copyright © 1999 John Wiley & Sons, Ltd.