Diversified firms from the emerging markets of Southeast Asia: do they really have a different behavior?

Murali Sambasivan, Ebrahim Asrarhaghighi


Both product and international diversified firms
play a significant role in the world economy.
Therefore, assessing the relationship between
diversification and performance has attracted a lot
of attention for decades. However, the focus is on
developed countries. In this study by using a
comprehensive framework we have attempted to
find if the theories, that have been built based on the
diversification studies in advanced countries, are
applicable to the firms in the emerging markets.
Based on results, we conclude that some of the
theories validated in advanced countries are
applicable to firms in the emerging markets and
some are not.

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