Related and unrelated diversification in crisis and in prosperity

authors: Károly Miklós Kiss, László Lőrincz, Zsolt Csáfordi, Balázs Lengyel

How does technological relatedness influence the portfolio of multi-product firms hit by external shocks? To answer this question, we look at the effect of product-specific demand shocks on product portfolios of Hungarian firms in the 2005-2012 period. We find that production have become more cohesive in terms of technological relatedness if firms were exposed to demand shocks. Evidence suggests that firms in crisis drop or downsize additional products not related to their core product and concentrate resources on related products.

MoreLess

Alternative title:	Kapcsolódó és nem kapcsolódó diverzifikáció válság és fellendülés időszakában
Year of publication:	September 2018
Authors:	Kiss, Károly Miklós ; Lőrincz, László ; Csáfordi, Zsolt ; Lengyel, Balázs
Publisher:	Budapest : Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences
Subject:	product diversification \| technological relatedness \| industry space network \| dynamics of product portfolio \| crisis \| Diversifikation \| Diversification \| Portfolio-Management \| Portfolio selection \| USA \| United States

freely available

Full text |

More access options

www.mtakti.hu

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (circa 33 Seiten) Illustrationen
Series:	Mu̐helytanulmányok / Magyar Tudományos Akadémia, Közgazdaságtudományi Intézet. - Budapest : [Verlag nicht ermittelbar], ISSN 1785-377X, ZDB-ID 2276849-X. - Vol. MT-DP - 2018, 23
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Notes:	Zusammenfassung in ungarischer Sprache
Other identifiers:	hdl:10419/222036 [Handle]
Classification:	C23 - Models with Panel Data ; d22 ; D24 - Production; Capital and Total Factor Productivity; Capacity ; L25 - Firm Size and Performance
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012012080