Corporate diversification and efficiency of manufacturing firms listed in Bursa Malaysia

Document Type: Research Paper

Authors

1 Research, Development and Islamic Studies Center, Securities and Exchange Organization, Tehran, Iran

2 Faculty of Management, Universiti Teknologi Malaysia, Skudai, Johor Bahro, Malaysia

3 Faculty of Science, Universiti Teknologi Malaysia, Skudai, Johor Bahro, Malaysia

Abstract

There is little consensus on the corporate diversification-efficiency relationship in the diversification literature. The study aims to contribute to the literature by looking jointly at two dimensions of corporate diversification as product diversification and international diversification and the relationship between them. The results show negative relationship between product diversification and efficiency, international diversification and efficiency and corporate diversification and efficiency in manufacturing firms listed in Bursa Malaysia. This study also has described main variables which have an impact on the diversification-efficiency relationship and has guided managers on how to pursue an optimal diversification strategy.

Keywords

Main Subjects


Article Title [Persian]

تنوع شرکتی و کارایی شرکت‌های تولیدی پذیرفته‌شده در بورس مالزی

Authors [Persian]

  • میثم دعایی 1
  • ملاتی احمد انوار 2
  • زهیمی اسماعیل 3
1 مرکز پژوهش، توسعه و مطالعات اسلامی، سازمان بورس و اوراق بهادار، تهران، ایران
2 دانشکدة مدیریت، دانشگاه صنعتی مالزی، جوهور بارو، اسکودای، مالزی
3 دانشکدة علوم، دانشگاه صنعتی مالزی، جوهور بارو، اسکودای، مالزی
Abstract [Persian]

توافق کمّی دربارة ارتباط بین تنوع شرکتی و کارایی در متون مرتبط با تنوع‌سازی دیده می‌شود. هدف اصلی این مقاله نوآوری در متون موضوع، با نگاه جامع به هر دو بعد تنوع شرکتی بر اساس تنوع محصول و تنوع بین‌المللی و ارتباط آن‌ها با یکدیگر است. نتایج نشان‌دهندة ارتباط منفی بین تنوع محصول و کارایی، تنوع بین‌المللی و کارایی، و تنوع شرکتی و کارایی در میان شرکت‌های تولیدی پذیرفته‌شده در بورس مالزی است. همچنین، این مطالعه متغیرهای مهم اثرگذار بر رابطة بین تنوع و کارایی را مشخص و مدیران را برای انتخاب راهبرد تنوع بهینه راهنمایی کرده است.

Keywords [Persian]

  • تنوع بین‌المللی
  • تنوع شرکتی
  • تنوع کارایی
  • تنوع محصول
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