Portfolio Interrelationships and Financial Performance in the Context of European Firms
Journal
European Management Journal
ISSN
0263-2373
ISSN-Digital
1873-5681
Type
journal article
Date Issued
2003-04-01
Author(s)
Abstract
The linkage between the interrelationships of a firm's lines of business and corporate financial performance has been the subject of extensive research in the strategy field. Yet very little research has examined this key relationship within firms operating in Continental Europe. This study investigates firm relatedness and its further relationship to accounting and market-based performance measures within a sample of European firms. The results confirm a positive and significant relationship between resource-based relatedness and firm performance for German, Swiss and Austrian multibusiness firms. Thus, this study provides further evidence that resource-based relatedness of large diversified manufacturing companies can help explain variability in corporate financial performance across different institutional environments.
Language
English
Keywords
Diversification
Relatedness
Corporate performance
HSG Classification
not classified
Refereed
No
Publisher
Pergamon Press
Publisher place
Oxford
Volume
21
Number
2
Start page
146
End page
163
Pages
18
Subject(s)
Division(s)
Eprints ID
9800
File(s)![Thumbnail Image]()
open.access
Name
03_Portfolio Interrelationships and Financial Performance (EMJ).pdf
Size
3.88 MB
Format
Adobe PDF
Checksum (MD5)
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