Factors that Influence Performance of the Industrial Diversification: An Empirical Study Based on Chinese Listed Companies

Zhi Gang Qin

doi:10.4028/www.scientific.net/KEM.460-461.660

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HomeKey Engineering MaterialsKey Engineering Materials Vols. 460-461Factors that Influence Performance of the...

Factors that Influence Performance of the Industrial Diversification: An Empirical Study Based on Chinese Listed Companies

Abstract:

This paper presents an empirical study the factors that influence financial performance of enterprises’ industrial diversification. The method of empirical analysis is comparing the good performance diversified companies with the bad to test which factor affects the financial performance of industrial diversification significantly. Basing on the theoretical analysis, we selected variables that measure corporate governance, diversification strategy, and enterprise management. We ran logistic regression with the data from Chinese listed companies. The result shows that more meetings of the board of directors, less unrelated diversification degree, higher total assets turnover and stronger ability to obtain operating cash inflow will increase the financial performance of enterprises’ industrial diversification.

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Periodical:

Key Engineering Materials (Volumes 460-461)

Pages:

660-666

DOI:

https://doi.org/10.4028/www.scientific.net/KEM.460-461.660

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Online since:

January 2011

Authors:

Zhi Gang Qin

Keywords:

Chinese Listed Company, Industrial Diversification, Influence Factor, Performance

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References

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