Otero-Serrano, Juan - In: The International Journal of Business and Finance Research 5 (2011) 4, pp. 99-113
This study empirically tests the effect of diversification on firm performance, controlling for factors influencing … returns other than diversification. This study also investigates if the diversification effect has the same impact on firm … diversification is related to firm performance. Diversified firms show a general trend of underperforming non-diversified firms …