Study the Relationship between Product Diversification Strategy with Financial Performance & Growth in the Companies Listed in Tehran Stock Exchange
Journal Title: International Research Journal of Applied and Basic Sciences - Year 2015, Vol 9, Issue 8
Abstract
In recent years, the relationship between performance and variety of company was an important experimental issue in financial management. Diversification strategies can affect the competitive balance in the industry. This study aims to measure the relationship between the two variables of diversification and financial ratios as criteria of accounting-based performance using required statistical tests. This research follows Ex-Post Facto Method with practical purpose. Statistical sample of this research are 99 companies listed in Tehran Stock Exchange Market. The results of this research have shown that applying relevant diversification strategy has no impact on financial performance of producing companies and irrelevant strategies has diverse tie with performance indicator and growth of company. Moreover, the impact of control variables of company’s size, financial leverage, growth opportunities and ratio of market value of equity to book value of equity on the relationships between research variables and assumptions have been measured in this study.
Authors and Affiliations
Mehrdad Ghanbari Phd| Department of Accounting, Kermanshah Branch, Islamic Azad University, Kermanshah, Iran, Behrooz Ghorbani| Department of Accounting, Hamedan Branch, Islamic Azad University, Hamedan, Iran, Email: Behrooz_ghorbani_9@yahoo.com, Mohammad Reza Karimi Pouya| Department of Accounting, Hamedan Branch, Islamic Azad University, Hamedan, Iran
Keywords
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