Corporate Diversification and Firm Performance: Evidence from the Nigerian Banking Sector
نویسندگان
چکیده
Corporate diversification plays an important role in strategic decision-making, especially when it comes to corporate expansion and growth. This study examined the impact of on financial performance deposit money banks listed Nigerian Stock Exchange. The covered a ten-year period, from 2010 2019, included data annual reports thirteen deposit-taking institutions. Two accounting one economic measure firm were chosen as indices for response variables, while predictor variables specialisation, related diversification, unrelated cross-border diversification. Using panel generalised least square method, found that specialisation significantly influence banking sector. study, therefore, recommends geographical Nigeria maintaining services areas expertise.
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ژورنال
عنوان ژورنال: Journal of Technology Management and Business
سال: 2023
ISSN: ['2289-7224', '2600-7967']
DOI: https://doi.org/10.30880/jtmb.2023.10.01.006