Please use this identifier to cite or link to this item:
https://hdl.handle.net/20.500.14279/9305
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Andreou, Panayiotis | - |
dc.contributor.author | Louca, Christodoulos | - |
dc.contributor.author | Petrou, Andreas | - |
dc.contributor.other | Ανδρέου, Παναγιώτης | - |
dc.contributor.other | Λουκά, Χριστόδουλος | - |
dc.contributor.other | Πέτρου, Ανδρέας | - |
dc.date.accessioned | 2017-01-31T05:50:35Z | - |
dc.date.available | 2017-01-31T05:50:35Z | - |
dc.date.issued | 2016-09-01 | - |
dc.identifier.citation | Journal of Business Research, 2016, vol. 69, no. 9, pp. 3270-3284 | en_US |
dc.identifier.issn | 0148 2963 | - |
dc.identifier.uri | https://hdl.handle.net/20.500.14279/9305 | - |
dc.description.abstract | This study investigates the role of organizational learning on the valuation effects of corporate diversification. The empirical findings suggest that corporate diversification reduces shareholders' wealth. However, consistent with the absorptive capacity viewpoint of organizational learning, diversification performance depends on repetitive and accumulative experiences that relate to a firm's prior diversification activity and/or a firm's experience in operating in multiple-business segments. Specifically, single-business firms that diversify once demonstrate significant value reduction. In contrast, multi-business firms that diversify once do not demonstrate value reduction, while single/multi-business firms that diversify multiple times demonstrate value creation. Findings also reveal that performance is conditional on the mode of diversification since internal growth diversification shows higher valuation effects than diversifications through acquisitions. These findings contribute to the literature by affirming the importance of organizational learning, a cognitive and behavioral perspective, in explaining the valuation effect of corporate diversification. | en_US |
dc.format | en_US | |
dc.language.iso | en | en_US |
dc.relation.ispartof | Journal of Business Research | en_US |
dc.rights | © Elsevier | en_US |
dc.subject | Absorptive capacity | en_US |
dc.subject | Repetitive experience | en_US |
dc.subject | Diversification | en_US |
dc.subject | Accumulative experience | en_US |
dc.subject | Organizational learning | en_US |
dc.title | Organizational learning and corporate diversification performance | en_US |
dc.type | Article | en_US |
dc.collaboration | Cyprus University of Technology | en_US |
dc.subject.category | Economics and Business | en_US |
dc.journals | Subscription | en_US |
dc.country | Cyprus | en_US |
dc.subject.field | Social Sciences | en_US |
dc.publication | Peer Reviewed | en_US |
dc.identifier.doi | 10.1016/j.jbusres.2016.02.022 | en_US |
dc.relation.issue | 9 | en_US |
dc.relation.volume | 69 | en_US |
cut.common.academicyear | 2016-2017 | en_US |
dc.identifier.spage | 3270 | en_US |
dc.identifier.epage | 3284 | en_US |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
item.grantfulltext | none | - |
item.cerifentitytype | Publications | - |
item.fulltext | No Fulltext | - |
item.languageiso639-1 | en | - |
item.openairetype | article | - |
crisitem.author.dept | Department of Finance, Accounting and Management Science | - |
crisitem.author.dept | Department of Finance, Accounting and Management Science | - |
crisitem.author.dept | Department of Management, Entrepreneurship and Digital Business | - |
crisitem.author.faculty | Faculty of Tourism Management, Hospitality and Entrepreneurship | - |
crisitem.author.faculty | Faculty of Tourism Management, Hospitality and Entrepreneurship | - |
crisitem.author.faculty | Faculty of Tourism Management, Hospitality and Entrepreneurship | - |
crisitem.author.orcid | 0000-0001-5742-0311 | - |
crisitem.author.orcid | 0000-0003-3436-3734 | - |
crisitem.author.orcid | 0000-0002-2877-4038 | - |
crisitem.author.parentorg | Faculty of Management and Economics | - |
crisitem.author.parentorg | Faculty of Management and Economics | - |
crisitem.author.parentorg | Faculty of Tourism Management, Hospitality and Entrepreneurship | - |
crisitem.journal.journalissn | 0148-2963 | - |
crisitem.journal.publisher | Elsevier | - |
Appears in Collections: | Άρθρα/Articles |
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