Shao, Xue-Feng; Guliamos, Kōstas Iō.; Luo, Ben Nan-Feng; … - In: Risks 8 (2020) 2, pp. 1-16
A longstanding objective of managers is to reduce risk to their businesses. The conventional strategy for risk reduction is diversification; however, evidence for the effectiveness of diversification remains inconclusive. According to Organizational Portfolio Analysis, firms are viewed as...