Pengaruh Diversifikasi terhadap Kinerja Perusahaan
For many years, the benefit and cost of corporate diversification strategy have been debatable. This research provides empirical evidence on corporate diversification and its consequences toward firm value. Corporate diversification as part of internal market mechanism can have benefit and cost on p...
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| Format: | Article |
| Language: | English |
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Bina Nusantara University
2013-05-01
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| Series: | Binus Business Review |
| Subjects: | |
| Online Access: | https://journal.binus.ac.id/index.php/BBR/article/view/1054 |
| _version_ | 1797728562367692800 |
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| author | Rafrini Amyulianthy Nuraini Sari |
| author_facet | Rafrini Amyulianthy Nuraini Sari |
| author_sort | Rafrini Amyulianthy |
| collection | DOAJ |
| description | For many years, the benefit and cost of corporate diversification strategy have been debatable. This research provides empirical evidence on corporate diversification and its consequences toward firm value. Corporate diversification as part of internal market mechanism can have benefit and cost on performance of the firm. The writers estimated that diversification strategy would reduce firm value especially in situation like Indonesia with less developed financial market and many companies are still suffering from monetary crises in recent years. The writers found that companies with diversified business segment have negative excess value comparing with stand alone firms. In relation with firms characteristics, it shows that tobins q and asset size positively related with firm value. This result rejects internal capital market hypothesis. |
| first_indexed | 2024-03-12T11:15:50Z |
| format | Article |
| id | doaj.art-96941014ca9c49c2b18d3397ee0d0dbe |
| institution | Directory Open Access Journal |
| issn | 2087-1228 2476-9053 |
| language | English |
| last_indexed | 2024-03-12T11:15:50Z |
| publishDate | 2013-05-01 |
| publisher | Bina Nusantara University |
| record_format | Article |
| series | Binus Business Review |
| spelling | doaj.art-96941014ca9c49c2b18d3397ee0d0dbe2023-09-02T02:07:31ZengBina Nusantara UniversityBinus Business Review2087-12282476-90532013-05-014121523010.21512/bbr.v4i1.1054921Pengaruh Diversifikasi terhadap Kinerja PerusahaanRafrini Amyulianthy0Nuraini Sari1Bina Nusantara UniversityBina Nusantara UniversityFor many years, the benefit and cost of corporate diversification strategy have been debatable. This research provides empirical evidence on corporate diversification and its consequences toward firm value. Corporate diversification as part of internal market mechanism can have benefit and cost on performance of the firm. The writers estimated that diversification strategy would reduce firm value especially in situation like Indonesia with less developed financial market and many companies are still suffering from monetary crises in recent years. The writers found that companies with diversified business segment have negative excess value comparing with stand alone firms. In relation with firms characteristics, it shows that tobins q and asset size positively related with firm value. This result rejects internal capital market hypothesis.https://journal.binus.ac.id/index.php/BBR/article/view/1054diversification, excess value, internal market, firm value |
| spellingShingle | Rafrini Amyulianthy Nuraini Sari Pengaruh Diversifikasi terhadap Kinerja Perusahaan Binus Business Review diversification, excess value, internal market, firm value |
| title | Pengaruh Diversifikasi terhadap Kinerja Perusahaan |
| title_full | Pengaruh Diversifikasi terhadap Kinerja Perusahaan |
| title_fullStr | Pengaruh Diversifikasi terhadap Kinerja Perusahaan |
| title_full_unstemmed | Pengaruh Diversifikasi terhadap Kinerja Perusahaan |
| title_short | Pengaruh Diversifikasi terhadap Kinerja Perusahaan |
| title_sort | pengaruh diversifikasi terhadap kinerja perusahaan |
| topic | diversification, excess value, internal market, firm value |
| url | https://journal.binus.ac.id/index.php/BBR/article/view/1054 |
| work_keys_str_mv | AT rafriniamyulianthy pengaruhdiversifikasiterhadapkinerjaperusahaan AT nurainisari pengaruhdiversifikasiterhadapkinerjaperusahaan |