TY  - JOUR
TT  - BUSINESS GROUP CORPORATE DIVERSIFICATION: EXTENSION OF A TWO-DIMENSIONAL CONCEPTUALIZATION
AU  - Karademir, Bahattin
AU  - Sezgili, Konuralp
PY  - 2017
DA  - February
JF  - International Journal of Business and Management Studies
JO  - IJBMS
PB  - Sosyal Bilimler Araştırmaları Derneği
WT  - DergiPark
SN  - 1309-8047
SP  - 92
EP  - 112
VL  - 9
IS  - 1
KW  - Business groups
KW  - corporate diversification
KW  - conceptual framework
KW  - measurement
KW  - Turkey
N2  - Studies on unrelatedly diversified business groups in emerging economies have  theoretically addressed the drivers of their diversification. However, the extent  and type of these groups’ corporate diversification has not been adequately  explored. In this paper, we propose an extension of Varadarajan and Ramanujan’s  (1987) two-dimensional conceptualization of firm diversity as a useful tool for  classifying groups across diversification categories: (1) very low diversifiers, (2)  predominantly related diversifiers, (3) predominantly unrelated diversifiers, and  (4) very high diversifiers. To illustrate how business groups may be categorized  into these categories, we use a sample of family-owned business groups in one  emerging market, Turkey. Additionally, we conduct cluster analytic techniques to  refine our findings. Our study validates the appropriateness of using the extended  conceptual framework and proposes combining its application with the cluster  analytic techniques in order to better improve the results. Our work should inspire  new studies on business group corporate diversification.
UR  - https://dergipark.org.tr/en/pub/ijbms/article/405198
L1  - https://dergipark.org.tr/en/download/article-file/440193
ER  -