A resource-based approach to the multibusiness firm: empirical analysis of portfolio interrelationships and corporate financial performance
Article Abstract:
A resource-based empirical study on the multibusiness firm is conducted. Specifically, it aims to determine the effect of the interrelatedness of the different corporate portfolios on the financial performance of the multibusiness company. For the study, a technique for measuring interportfolio relationships is generated. The method involves the development of measures of strategic similarity among industries and extraction of interrelationship among the businesses of particular corporate portfolios. Results show that corporations whose business portfolios are more interrelated tend to demonstrate better performance than those whose portfolios are not as interrelated. Implications and recommendations for further study are discussed.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1995
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The corporate social performance-financial performance link
Article Abstract:
A study was conducted to examine the relationship between corporate financial and social performance (CSP) using a broad-based index of CSP. Moreover, the study aimed to determine if both slack resource and good management theory may be concurrently functioning. Compared to earlier studies, this employed a significantly improved source of data on CSP. Findings revealed that CSP is positively related to previous financial performance, which provides evidence to the theory that there is a positive association between slack resource availability and CSP. Moreover, CSP is revealed to be positively linked to future financial performance, thereby backing the theory that there is a positive relationship between good management and CSP.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1997
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The impact of modes of entry and resource fit on modes of exit by multibusiness firms
Article Abstract:
Research shows that the degree of dissimilarity between a parent firm and its business unit is linked to whether the firm will sell off or dissolve the unit, with the likelihood of selling off increasing as the degree of dissimilarity rises. This likelihood is also increased if the parent company has not developed firm-specific idiosyncratic assets.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1999
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