摘要
进入九十年代以来,通过多角化经营实现企业规模迅速扩大、发现新的利润增长点、提高企业盈利能力和成长性成为我国企业发展的一个重要战略。这一战略效果如何?是否达到了预期目标?本文应用计量研究方法,通过对部分上市集团公司的实证研究认为:实施相关多角化企业盈利能力比非相关多角化略强,非相关多角化度的提高对盈利能力产生负效应,多角化度较高企业整体盈利能力相对较差。但这种差异在统计上并不明显。
Since nineties it has been an important strategy that companies use diversification to get bigger, find new profit-point, and improve corporation profitability and growth ability. How about this strategy? Does it reach the expected aims? In this article we have an empirical research of listed group companies to show that the profitability of related-diversification has side effect on profitability and the profitability of companies with higher diversification is comparatively lower as a whole.
出处
《上海理工大学学报（社会科学版）》
2001年第2期7-13,共7页
Journal of University of Shanghai for Science and Technology：Social Sciences Edition
基金
上海市教育发展基金
市教委"曙光计划"资助项目(项目编号 98SG26)
关键词
上市集团公司
多角化经营
盈利能力
成长性
Listed Group Company
Diversification
Profitability
Growth Ability
