A comprehensive measure of product and international diversifications
Journal of Insurance and Financial Management
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Title |
A comprehensive measure of product and international diversifications
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Creator |
Sambasivan, Murali
Asrarhaghighi, Ebrahim Abd Rahman, Azmawani Abidin Mohamed, Zainal |
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Description |
Assessing the relationship between diversificationand performance has attracted a lot of attention fordecades. However, the results of the studies aboutthe relationship are inconclusive. Thisinconclusiveness might be due to using differentmeasures of diversification and measurementproblems. We developed a diversification measureand tested its predictive validity against the TotalGlobal Diversification measure as the optimalmeasure of diversification. The new measureoutperformed, and showed sigmoid relationshipbetween international diversification and Tobin’s Q.Moreover, we found that product diversification didnot have an effect on firms’ performance butpositively moderated the relationship betweeninternational diversification and performance.
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Publisher |
Journal of Insurance and Financial Management
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Contributor |
—
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Date |
2016-03-03
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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Format |
application/pdf
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Identifier |
https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/8
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Source |
Journal of Insurance and Financial Management; Vol 1, No 1 (2016): Journal of Insurance and Financial Management
2371-2112 |
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Language |
eng
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Relation |
https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/8/pdf
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Rights |
Copyright (c) 2016 Ebrahim Asrarhaghighi
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