Firms pursue diversification for sake enhancing financial performance. Some theories state positive relationship between diversification and financial performance. However, there are some theories for negative relationship about the issue. The study has filled the gap that most studies done in developed countries and there are fewer studies in developing country like Malaysia. In this study, re...

This paper presents an analytic procedure for the value added to different production levels with different policy options. The approach is stochastic and thus provides a framework for informed decision-making on productivity growth under uncertainty conditions. The model was applied to data collected from a firm and re-sults recommend that the firm should redevelop if in diversification and sy...

vi 1 Definitions and Dimensions of Livelihood Diversification 1 1.1 Definitions of diversification: multiplicity and/or change? 1 1.2 Livelihoods in the economy: basic dimensions of livelihood activities 1 2 Structural Transformation and the Non-farm Economy 4 2.1 Industrialisation and urbanisation 4 2.2 Regional growth theory and the rise and fall of the rural non-farm economy 5 2.3 Global str...

The present study attempts to link plant-level production diversification to productivity growth in Taiwan’s electronics industry. An account of the role of the Taiwanese government over the last 2 decades leading to the take-off of its electronics industry is briefly discussed. We reviewed production activities of more than 20 000 Taiwanese electronics plants during the period 1992–1999. In an...

Patterns of biodiversity are often explained by ecological processes, where traits that promote novel ways of interacting with the environment (key innovations) play a fundamental role in promoting diversification. However, sexual selection and social competition can also promote diversification through rapid evolution of ornamental traits. Because selection can operate only on existing variati...

This paper lays out a framework for the analysis of the risk transfer role of speculators on futures markets and the impact of their trading on the production decisions of firms. We show that when speculators diversify their portfolios over a large number of markets, the equilibrium risk premium converges to an asymptotic premium, the behaviour of which is determined by the stochastic dependenc...

This paper offers a market microstructure based model to explain the well-documented diversification discount. While explicitly assuming that stock price conveys valuable information to the management, our model shows that the value loss from diversification is a function of the stock price informativeness. If more investors are willing to follow and actively trade a certain stock, more informa...

The Agricultural Basic Act, enacted in Japan in 1961, set a policy agenda of altering the course of the Japanese farm sector over the following several decades (National Chamber of Agriculture, 1961). One of the most important concepts articulated in the Act is the transformation of the agricultural product mix : Article 2 stipulates that the government should implement appropriate measures to ...