Relationship between diversification and performance of Chinese real estate listed companies

被引：0
|
作者：
Zhang, Hong [1 ,2 ]
Gao, Shuai [1 ,2 ]
Li, Vera [3 ]
机构：
[1] Hang Lung Center for Real Estate, Tsinghua University, Beijing,100084, China
[2] Center for Urbanization and Industrial Development, Tsinghua University, Beijing,100084, China
[3] Department of Accountancy, Hang Seng Management College, Hong Kong, Hong Kong
来源：
Qinghua Daxue Xuebao/Journal of Tsinghua University | 2015年 / 55卷 / 09期
关键词：
Multivariant analysis - Time series analysis;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
The existing research on the relationship between diversification and company performance still has many controversies. This study analyzes selected Chinese real estate listed companies as examples of company performance in an emerging capital market. The analysis considers the influence of regional diversification, product diversification, and business type diversification on the company performance using time series data (2007-2013). The factor analysis method is used to calculate a synthesize index to relate the degree of diversification and the performance. The results show no significant correlation between diversification and performance with regional diversification having minimal discount effect on the performance, product diversification having a secondary discount effect on the performance, and business diversification having the most significant discount effect on the performance. The combined effect of the diversification has a greater discount effect on the company performance. ©, 2015, Press of Tsinghua University. All right reserved.
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页码：977 / 983
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