Abstract

The main purpose of this paper is to introduce what affects the firm to diversify. This paper is based on an empirical analysis of a sample of 453 manufacturing companies in India. Jacquemin-Berry Entropy-Index measure has been used to measure diversification; whereas to determine the factors affecting diversification strategy, Panel Tobit Regression Analysis has been applied. The research findings indicate that firm-specific antecedents influence the decision to diversify. Corporate managers should follow a prudent behaviour while adopting strategic planning for the growth of the company. Managers should have to conduct proper statistical analyses to find out a firm’s optimal level of corporate diversification for maximising the firm performance.

摘要

本文的主要目的是介绍影响公司多元化的因素。本文基于对印度 453 家制造企业样本的实证分析。Jacquemin-Berry Entropy-Index 度量已被用于衡量多元化；而为了确定影响多元化战略的因素，则应用了 Panel Tobit 回归分析。研究结果表明，特定于公司的前因影响多元化决策。公司管理者在为公司的发展制定战略规划时应遵循审慎的行为。管理人员必须进行适当的统计分析，以找出公司多元化的最佳水平，以最大限度地提高公司绩效。