"Prior work has shown an association between diversification strategy and profitability. This paper replicates that association using more recent and complete data and goes on to investigate the sources of the association. Theoretical arguments are advanced which predict the association which will remain once the effects of varying industry profitability are removed. Empirical tests verify this prediction and permit the discrimination between the effects of industry and diversification strategy on profitability."
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Academics from the United StatesPeople from Washington, D.C.Electrical engineersBusiness theorists from the United StatesSociologists from the United States
Original Language: English
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p. 359; Abstract
https://en.wikiquote.org/wiki/Richard_Rumelt
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Richard Rumelt
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