Research Article

Diversification and Performance Relationship in Turkey: A study of companies listed on Istanbul Stock Exchange

Volume: 1 Number: 49 July 25, 2025
TR EN

Diversification and Performance Relationship in Turkey: A study of companies listed on Istanbul Stock Exchange

Abstract

Diversification strategy is a critical decision for firms aiming to grow, reduce risk, and enhance competitive advantage. The purpose of this study is to explore the relationship between diversification strategies and firm performance in Turkey as an emerging country. The study examines empirical data through statistical analysis. The results reveal that 83% of companies favor a single business strategy, indicating a preference for specialization over diversification. Also unrelated diversification offers a higher performance results, followed by single business and related diversification, with dominant strategies generally yielding the lowest performance results.

Keywords

References

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Details

Primary Language

English

Subjects

Policy and Administration (Other)

Journal Section

Research Article

Early Pub Date

July 9, 2025

Publication Date

July 25, 2025

Submission Date

March 5, 2025

Acceptance Date

May 1, 2025

Published in Issue

Year 2025 Volume: 1 Number: 49

APA
Aarab, C., & Yiğit, İ. (2025). Diversification and Performance Relationship in Turkey: A study of companies listed on Istanbul Stock Exchange. Kocaeli Üniversitesi Sosyal Bilimler Dergisi, 1(49), 52-65. https://doi.org/10.35343/kosbed.1652219
AMA
1.Aarab C, Yiğit İ. Diversification and Performance Relationship in Turkey: A study of companies listed on Istanbul Stock Exchange. KOSBED. 2025;1(49):52-65. doi:10.35343/kosbed.1652219
Chicago
Aarab, Chahrazad, and İhsan Yiğit. 2025. “Diversification and Performance Relationship in Turkey: A Study of Companies Listed on Istanbul Stock Exchange”. Kocaeli Üniversitesi Sosyal Bilimler Dergisi 1 (49): 52-65. https://doi.org/10.35343/kosbed.1652219.
EndNote
Aarab C, Yiğit İ (July 1, 2025) Diversification and Performance Relationship in Turkey: A study of companies listed on Istanbul Stock Exchange. Kocaeli Üniversitesi Sosyal Bilimler Dergisi 1 49 52–65.
IEEE
[1]C. Aarab and İ. Yiğit, “Diversification and Performance Relationship in Turkey: A study of companies listed on Istanbul Stock Exchange”, KOSBED, vol. 1, no. 49, pp. 52–65, July 2025, doi: 10.35343/kosbed.1652219.
ISNAD
Aarab, Chahrazad - Yiğit, İhsan. “Diversification and Performance Relationship in Turkey: A Study of Companies Listed on Istanbul Stock Exchange”. Kocaeli Üniversitesi Sosyal Bilimler Dergisi 1/49 (July 1, 2025): 52-65. https://doi.org/10.35343/kosbed.1652219.
JAMA
1.Aarab C, Yiğit İ. Diversification and Performance Relationship in Turkey: A study of companies listed on Istanbul Stock Exchange. KOSBED. 2025;1:52–65.
MLA
Aarab, Chahrazad, and İhsan Yiğit. “Diversification and Performance Relationship in Turkey: A Study of Companies Listed on Istanbul Stock Exchange”. Kocaeli Üniversitesi Sosyal Bilimler Dergisi, vol. 1, no. 49, July 2025, pp. 52-65, doi:10.35343/kosbed.1652219.
Vancouver
1.Chahrazad Aarab, İhsan Yiğit. Diversification and Performance Relationship in Turkey: A study of companies listed on Istanbul Stock Exchange. KOSBED. 2025 Jul. 1;1(49):52-65. doi:10.35343/kosbed.1652219