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The Cost of Diversification: An Organizational Perspective

권남훈
한국경제학회 (The Korean Economic Association)|2004.12|The Korean Economic Review|제20권 제2호|pp. 275-292

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참고문헌

주제분류경제학

초록

Abstract

This paper approaches the issue of corporate diversification from the perspective of the theory of firm. The cost of diversification is identified by the loss of innovative information due to increased communication requirement within the firm. The level of diversification is shown to decrease with a better information processing technology and stabler business environment. These results are in accordance with historical and industrial patterns of diversification.

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