The Impact of Corporate Diversification and Financial Structure on Firm Performance: Evidence from South Asian Countries

被引：40
|
作者：
Mehmood, Rashid [1 ]
Hunjra, Ahmed Imran [1 ]
Chani, Muhammad Irfan [2 ]
机构：
[1] PMAS Arid Agr Univ Rawalpindi, Univ Inst Management Sci, Rawalpindi 46000, Punjab, Pakistan
[2] COMSATS Univ Islamabad, Vehari Campus, Islamabad 45550, Pakistan
来源：
JOURNAL OF RISK AND FINANCIAL MANAGEMENT | 2019年 / 12卷 / 01期
关键词：
corporate diversification; financial structure; corporate governance; audit quality; firm financial performance; CAPITAL STRUCTURE; INVESTMENT OPPORTUNITIES; BOARD COMPOSITION; DIVIDEND POLICY; PANEL-DATA; GOVERNANCE; GROWTH; OWNERSHIP; VALUATION; LEVERAGE;
D O I：
10.3390/jrfm12010049
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We examined the impact of corporate diversification and financial structure on the firms' financial performance. We collected data from 520 manufacturing firms from Pakistan, India, Sri Lanka, and Bangladesh. We used panel data of 14 years from 2004-2017 to analyze the results. We applied a two-step dynamic panel approach to analyze the hypotheses. We found that product diversification and geographic diversification significantly affected the firms' financial performance. We further found that dividend policy and capital structure had a significant impact on the firm's financial performance.
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页数：17
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