CSpace  > 系统科学研究所
Diversification and Corporate Performance: Evidence from China's Listed Energy Companies
Li, Qiming1; Wang, Wenhuan1; Lou, Yiping1; Cheng, Ke1; Yang, Xiaoguang1,2
2016-10-01
发表期刊SUSTAINABILITY
ISSN2071-1050
卷号8期号:10页码:17
摘要Recently, China's energy industry has been continuously depressed due to a slowdown in its economic development. China's energy companies have made considerable efforts to promote their corporate performance to mitigate this performance decline and to ensure the sustainable development of China's energy industry, macro economy, society and environment. In this paper, the effects of two business strategies-industrial diversification and international diversification-on the performance of listed energy firms are empirically investigated. The empirical results show the following: (1) industrial diversification hinders corporate performance; (2) for industrially-diversified energy companies, related diversified strategies are more effective than unrelated diversified strategies; and (3) international diversification improves the performance of renewable energy firms, but hinders the performance of conventional energy firms. These results suggest that as economic conditions are not currently optimal, China's energy companies should pay more attention to their main businesses and generate more products to satisfy market demand.
关键词industrial diversification international diversification corporate performance sustainable development China
DOI10.3390/su8100983
语种英语
资助项目National Natural Science Fund projects[714310080] ; National Natural Science Fund projects[71532013] ; open fund of Key Laboratory of Petrochemical Resource Processing and Process Intensification Technology[2014K008]
WOS研究方向Environmental Sciences & Ecology
WOS类目Environmental Sciences ; Environmental Studies
WOS记录号WOS:000389314600023
出版者MDPI AG
引用统计
文献类型期刊论文
条目标识符http://ir.amss.ac.cn/handle/2S8OKBNM/24445
专题系统科学研究所
通讯作者Yang, Xiaoguang
作者单位1.China Univ Petr, Sch Business Adm, 18 Fuxue Rd, Beijing 102249, Peoples R China
2.Chinese Acad Sci, Acad Math & Syst Sci, 55 Zhongguancun East Rd, Beijing 100190, Peoples R China
推荐引用方式
GB/T 7714
Li, Qiming,Wang, Wenhuan,Lou, Yiping,et al. Diversification and Corporate Performance: Evidence from China's Listed Energy Companies[J]. SUSTAINABILITY,2016,8(10):17.
APA Li, Qiming,Wang, Wenhuan,Lou, Yiping,Cheng, Ke,&Yang, Xiaoguang.(2016).Diversification and Corporate Performance: Evidence from China's Listed Energy Companies.SUSTAINABILITY,8(10),17.
MLA Li, Qiming,et al."Diversification and Corporate Performance: Evidence from China's Listed Energy Companies".SUSTAINABILITY 8.10(2016):17.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
查看访问统计
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Li, Qiming]的文章
[Wang, Wenhuan]的文章
[Lou, Yiping]的文章
百度学术
百度学术中相似的文章
[Li, Qiming]的文章
[Wang, Wenhuan]的文章
[Lou, Yiping]的文章
必应学术
必应学术中相似的文章
[Li, Qiming]的文章
[Wang, Wenhuan]的文章
[Lou, Yiping]的文章
相关权益政策
暂无数据
收藏/分享
所有评论 (0)
暂无评论
 

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。