I study the relation between corporate diversification and labor productivity in a sample of over 600,000 firms from 89 … countries. Across the entire sample, greater diversification is associated with significantly lower labor productivity. Contrary … to theories emphasizing the inefficient use of labor in diversified firms, the negative relation between diversification …

Several studies have documented a negative relationship between democracy and volatility. The latter is usually … institutions, macroeconomic policies and financial development, we find that democracy is the most robust predictor of a country … entry for new firms. This leads to less sectoral diversification: fewer sectors are operated but more resources are …

Economic diversification has gained significant attention as a crucial factor for sustainable development worldwide … diversification for Mongolia. By comparing Mongolia with its designated aspirational and structural peers, the paper aims to shed … light on strategies that can foster economic and societal diversification in the country. Although Mongolia possesses …