Corporate Diversification and Firm Performance: Theoretical Boundaries and Proposed Research Agenda

Salvador Hernandez Sanchez
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Abstract

By applying a meta-narrative review approach and thematic analysis, 202 articles over the period 2000-2020 were evaluated to identify and collate the literature on corporate diversification and firm performance into six theoretical perspectives: industrial economics, resource-based view, agency theory, financial perspective, organizational learning and institutional perspective. A novel research agenda is proposed that suggests two alternative explanations: the geopolitical and historical perspectives. It is concluded that these should be part to the study of corporate diversification and firm performance.
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公司多元化与企业绩效:理论边界与研究建议
本文采用元叙事回顾方法和主题分析方法,对2000-2020年期间的202篇论文进行了评估,将有关公司多元化与企业绩效的文献识别并整理为六个理论视角:产业经济学、资源基础视角、代理理论、财务视角、组织学习视角和制度视角。一个新的研究议程提出了两种不同的解释:地缘政治和历史的观点。结论是,这些应成为公司多元化和公司绩效研究的一部分。
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