References
- Amik, R., Livnat, J., & Zarowin, P. (1989). The Mode of Corporate Diversification: Internal Ventures versus Acquisitions. Managerial and Decision Economics, 10(2), 89–100.
- Anghel, I., Enache, C., & Merino, F. (2020). Macroeconomic determinants of corporate failures. Evidence from Romania and Spain. Journal of Business Economics and Management, 21(3), 743–759. doi: 10.3846/jbem.2020.12217
- Ansoff, H. J. (1957). Strategies for Diversification. Harvard Business Review, 35(5), 111–125.
- Ansoff, H. J. (1965). Corporate Strategy. New York: McGraw-Hill Book Comp.
- Arbeitskreis. (1973). Diversifizierung, Zeitschrift für betriebswirtschaftliche. Forschung, 25, 294–335.
- Becerra, M., & Santaló, J. (2006). The Effect of Diversification on Performance Revisited: How the Dominance of Diversifiers Versus Specialists Drives the Diversification-Performance Relationship. Management Research, 4(1), 23–34. doi: 10.2753/JMR1536-5433040102
- Berry, Ch. (1971). Corporate Growth and Industrial Diversification. Journal of Law and Economics, 14, 371–383.
- Bilan, Y., Vasilyeva, T., Lyeonov, S., & Bagmet, K. (2019). Institutional complementarity for social and economic development. Business: Theory and Practice, 20, 103–115. doi: 10.3846/btp.2019.10
- Bühner, R. (1985). Strategie und Organisation. Wiesbaden, Germany: Gabler.
- Busse, M., Dacorogna, M., & Kratz, M. (2014). The Impact of Systemic Risk on the Diversification Benefits of a Risk Portfolio. Risks, 2(3), 260–276. doi: 10.3390/risks2030260.
- Chen, Y., Jiang, Y., Wang, C., & Chung Hsu, W. (2014). How do resources and diversification strategy explain the performance consequences of internationalization? Management Decision, 52(5), 897–915. doi: 10.1108/MD-10-2013-0527.
- Chen, Y.-Y., & Jaw, Y. L. (2014). How do business groups’ small world networks effect diversification, innovation, and internationalization? Asia Pacific Journal of Management, 31(4), 1019–1044. doi: 10.1007/s10490-014-9385-9
- Chonghui, J., Yongkai, M., & Yunbi, A. (2013). International diversification benefits: an investigation from the perspective of Chinese investors. China Finance Review International, 3(3), 225–249.
- Chung, H.-M. (2013). The role of family management and family ownership in diversification: The case of family business groups. Asia Pacific Journal of Management, 30(3), 871–891. doi: 10.1007/s10490-012-9284-x
- Dickinson, V. (2005). Firm Life Cycle and Future Profitability and Growth. Working paper. Madison, USA: School of Business, University of Wisconsin.
- Ejdys, J., Gudanowska, A., Halicka, K., Kononiuk, A., Magruk, A., Nazarko, J., Nazarko, Ł., Szpilko, D., & Widelska, U. (2019). Foresight in Higher Education Institutions: Evidence from Poland. Foresight and STI Governance, 13, 77–89. doi: 10.17323/2500-2597.2019.1.77.89
- Gaur, A., & Delios, A. (2015). International Diversification of Emerging Market Firms: The Role of Ownership Structure and Group Affiliation. Management International Review, 55, 235–253. doi: 10.1007/s11575-015-0240-0
- Ginevičius, R. (1998a). Įmonės situacija ir strategija [Corporate situation and strategy]. Vilnius, Lithuania: Technika.
- Ginevičius, R. (1998b). Įmonės veiklos diversifikacija [Diversification Activities of Enterprises]. Vilnius, Lithuania: Technika.
- Ginevičius, R. (2009). Quantitative evaluation of unrelated diversification of enterprise activities. Journal of Civil Engineering and Management, 15(1), 105–111. doi: 10.3846/1392-3730.2009.15.105-111.
- Ginevičius, R. (2012). Įmonių susijusios diversifikacijos matavimas. Verslas: teorija ir praktika = Business: Theory and Practice, 13(2), 150–159.
- Ginevičius, R., & Andruškevičius, A. (2008a). Construction Enterprises on the Efficiency of their Commercial and Economic Activities. The 5th International Scientific Conference “Business and Management”, 16–17 May, Vilnius, Lithuania.
- Ginevičius, R., & Andruškevičius, A. (2008b). The Influence of Diversification of Construction Enterprises on the Efficiency of their Commercial and Economic Activities. The 5th International Scientific Conference “Business and Management 2008”, 16–17 May, Vilnius, Lithuania.
- Ginevičius, R., & Podvezko, V. (2008). Determining the optimal number of enterprise activities. The 5th International Scientific Conference “Business and Management 2008”, 16–17 May, Vilnius, Lithuania.
- Ginevičius, R., & Podvezko, V. 2005. Generation of a set of evaluation criteria. Business: Theory and Practice, 6(4), 199–207.
- Gort, M. (1962). Diversification and Integration in American Industry. Princeton.
- Gort, M., & Klepper, S. (1982). Time Paths in the Diffusion of Product Innovations. Economic Journal Royal Economic Society, 92(367).
- Hann, R., Ogneva, M., & Ozbas, O. (2013). Corporate Diversification and the Cost of Capital. Journal of Finance, 68(5), 1961–1999. doi: 10.1111/jofi.12067
- Hernández-Trasobares, A., & Galve-Górriz, C. (2016). The influence of family control on decisions regarding the specialization and diversification of business groups. BRQ Business Research Quarterly, 19(2), 73–89. doi: 10.1016/j.brq.2015.09.001
- Hitt, M., Ireland, R., & Hoskisson, R. (2001). Strategic Management: Competitiveness and Globalisation. 4th ed. Cincinnati, USA: South-Western College Publishing.
- Hyland, D. C. (2003). The Effect of Diversification on Firm Value: a Pre- and Post-Diversification Analysis. Studies in Economics and Finance, 21(2), 22–39. doi: 10.1108/eb028773
- Jackuemin, A. P., & Berry, C. H. (1979). Entropy Measure of Diversification and Corporate Growth. Journal of Industrial Economics, 27, 46–57.
- Jara-Bertin, M., López-Iturriaga, F. J., & Espinosa, Ch. (2015). Diversification and control in emerging markets: The case of Chilean firms. BRQ Business Research Quarterly, 18(4), 259–274. doi: 10.1016/j.brq.2015.01.002
- Kieser, A., & Kubicek, H. (1992). Organization. 3. Völling neu Bearb. Aufl. Berlin, New York: de Gruyter.
- Kim, S. W., Kim, T., Choi, K.-H., & Yang, J. A. (2014). Comparative Analysis of the Diversification Effects between Firm Performance and Whole Supply Chain Performance in Korea and Japan. Journal of Korea Trade, 18(1), 1–27.
- Knapková, M., Kiaba, M., & Hudec, S. (2019). Impact of macroeconomic indicators on public debt of Slovak Republic. Journal of Business Economics and Management, 20(4), 734–753. doi: 10.3846/jbem.2019.10184
- Kuppuswamy, V., Serafeim, G., & Villalonga, B. (2014). The Effect of Institutional Factors on the Value of Corporate Diversification. Finance and Strategy, 31, 37–68. doi: 10.1108/S0742-332220140000031000
- Lehmann, R. (1993). Kann Diversifikation Wert schaffen? Bern, Stuttgart, Wien: Haupt.
- Li, D., Li, L., & Huang, Y. (2013). Technological Diversification Effect on Business Performance: A Probing into Intermediaries Role of Product Innovation Strategy. 8th International Conference on Intelligent Systems and Knowledge Engineering and Management 278, 181–190. doi: 10.1007/978-3-642-54930-4_18
- Mackey, T. B., & Barney, J. B. (2013). Incorporating opportunity costs in strategic management research: The value of diversification and payout as opportunities forgone when reinvesting in the firm. Strategic Organization, 11(4), 347–363. doi: 10.1177/1476127013481447
- Macsimovic, V., & Gordon, Ph. (2005). The Industry Life Cycle and Acquisitions and Investment: Does Firm Organisation Matter? Cambridge, USA: University of Maryland, CES.
- Mauer, D. C., Wang, S., Wang, X., & Zhang, Y. (2015). Global diversification and IPO returns. Journal of Banking & Finance, 58, 436–456. doi: 10.1016/j.jbankfin.2015.05.015
- Miller, D. J. (2006). Technological diversity, related diversification, and firm performance. Strategic Management Journal, 27(7), 601–619. doi: 10.1002/smj.533
- Montgomery, C. A. (1994). Corporate Diversification. The Journal of Economic Perspectives, 8, 163–168.
- Nazarko, J., Ejdys, J., Halicka, K., & Nazarko, Ł. (2015). Foresight Application for Transport Sector. In M. Fiorini (Ed.), Clean Mobility and Intelligent Transport Systems (pp. 379–402). London: The Institution of Engineering and Technology. doi: 10.1049/PBTR001E_ch17
- Nazarko, J., Ejdys, J., Halicka, K., Nazarko, Ł., Kononiuk, A., & Olszewska, A. (2007a). Factor Analysis as a Tool Supporting STEEPVL Approach to the Identification of Driving Forces of Technological Innovation. Procedia Engineering, 182, 491–496. doi: 10.1016/j.proeng.2017.03.142
- Nazarko, J., Ejdys, J., Halicka, K., Nazarko, Ł., Kononiuk, A., & Olszewska, A. (2007b). Structural Analysis as an Instrument for Identification of Critical Drivers of Technology Development. Procedia Engineering, 182, 504–509. doi: 10.1016/j.proeng.2017.03.137
- Nazarova, V. (2015). Corporate Diversification Effect on Firm Value (Unilever Group Case Study). Annals of Economics and Finance, 16(1), 173–198.
- Palepu, K. (1985). Diversification Strategy, Profit Performance and the Entropy measure. Strategic Management Journal, 6, 238–245.
- Pennings, J. M., Barkema, H., & Douma, S. (1994). Organizational learning and diversification. Academy of Management Journal, 37(3), 608–640. doi: 10.2307/256702
- Pierscionek, Z. (1966). Strategie rozwoju firmy [Company development strategies]. Warszawa, Poland: Wydawnictwo Naukowe PWN.
- Qian, G., Li, L., & Rugman, A. M. (2013). Liability of country foreignness and liability of regional foreignness: Their effects on geographic diversification and firm performance. Journal of International Business Studies, 44(6), 635–647. doi: 10.1057/jibs.2013.21
- Rumelt, R. (1974). Strategy, Structure and Economic Performance. Boston: Harvard University Press.
- Sanchez-Bueno, M., & Usero, B. (2014). How may the nature of family firms explain the decisions concerning international diversification? Journal of Business Research, 67(7), 1311–1320. doi: 10.1016/j.jbusres.2013.09.003.
- Santarelli, E., & Tran, H. T. (2016.) Diversification strategies and firm performance in Vietnam Evidence from parametric and semi-parametric approaches. Economics of Transition and Institutional Change, 24(1), 31–68. doi: 10.1111/ecot.12082
- Sawada, M. (2013). How does the stock market value bank diversification? Empirical evidence from Japanese banks. Pacific-Basin Finance Journal, 25, 40–61. doi: 10.1016/j.pacfin.2013.08.001
- Schmid, T., Ampenberger, M., Kaserer, Ch., & Achleitner, A.-K. (2015). Family Firm Heterogeneity and Corporate Policy: Evidence from Diversification Decisions. Corporate Governance: An International Review, 23(3), 285–302. doi: 10.1111/corg.12091.
- Schüle, F. M. (1992). Diversifikation und Unternehmenserfolg: eine Analyse empirischer Forschungsergebnisse. Wiesbaden, Germany: Gabler.
- Teece, D. J., Rumelt, R., Dosi, G., & Winter, S. (1993). Understanding corporate coherence: Theory and evidence. Journal of Economic Behavior & Organization, 23(1), 1–30. doi: 10.1016/0167-2681(94)90094-9
- Thoumrungroje, A., & Tansuhaj, P. (2005). Entrepreneurial Strategic Posture, International Diversification, and Firm Performance. Multinational Business Review, 3(1), 55–73.
- Uton, M. A. (1977). Large Firm Diversification in British Manufacturing Industry. Economic Journal, 87, 6–11.
- Varadarajan, P., & Ramanujan, V. (1987). Diversification and Performance. A Reexamination Using a New Two-Dimensional Conceptualization of Diversity in Firms. Academy of Management Journal, 30, 380–393.
- Wan, W. P., & Hoskisson, R. E. (2003). Home country environments, corporate diversification strategies, and firm performance. Academy of Management Journal, 46(1), 27–45. doi: 10.2307/30040674
- Wang, Y., Ning, L., & Chen, J. (2014). Product diversification through licensing: Empirical evidence from Chinese firms. European Management Journal, 32(4), 577–586. doi: 10.1016/j.emj.2013.09.001
- Wolf, J. (1995a). Die Messung des Divertifikationsgrads von Unternehmen (I). Wirtschaftsstudium, 5, 439–445.
- Wolf, J. (1995b). Die Messung des Divertifikationsgrads von Unternehmen (II). Wirtschaftsstudium, 6, 519–523.
- Wrigley, L. (1970). Divisional Autonomy and Diversification. Boston: Harvard Business School.
- Yahaya, M. I., Aliyu, M. I., & Kabir, B. (2009). Geographic diversification, performance, and the risk profile of UK construction firms. Journal of Engineering, Design and Technology, 7(2),171–185.
- Yücel, E., & Önal, Y. B. (2015). Industrial Diversification and Risk in an Emerging Market: Evidence from Turkey. Emerging Markets Finance and Trade, 51(6), 1292–1306. doi: 10.1080/1540496X.2015.1011544
- Zahavi, T., & Lavie, D. (2013). Intra-industry diversification and firm performance. Strategic Management Journal, 34(8), 978–998. doi: 10.1002/smj.2057
- Zhipeng, Y. (2006). New Methodology of Measuring Corporate Life-Cycle Stages. Waltham, USA: Brandeis University International Business School.