Developmental plans of the country emphasize on the exports-focused growth strategy, and export diversification is one of the most appropriate policies in this area. Export diversification moves from primary goods to industrial goods. Yet, export diversification, according to the principles of international trade, must be based on comparative advantage until to change value-added. Changes in th...

Objective –This study intends to examine the relationship between investment efficiency and financial information excellence. The study is also examining the moderating impact of sustainability on the relation between excellence in financial information and investment productivity. Methodology –The cumulative measurements are 668 firm-years and are made up of 257 subsamples of underinvestment a...

Why is GDP so much more volatile in poor countries than in rich ones? To answer this question, we propose a theory of technological diversification. Production makes use of different input varieties, which are subject to imperfectly correlated shocks. Technological progress takes the form of an increase in the number of varieties, raising average productivity. In addition, the expansion in the ...

Two experiments are presented that compare alternative explanations to the coexistence of risk aversion and under-diversification (the tendency to focus on few stocks) in investment decisions. The participants were asked to select one of three assets under two feedback conditions. The returns from two assets were negatively correlated, and the third asset was equally weighted combination of the...

Gene duplication has emerged as an important process supporting the functional diversification of genes. Since publication of the seminal book Evolution by Gene Duplication by Ohno (1970), the hypothesis regarding the importance of gene duplication in the generation of evolutionary novelty has steadily gained support as we have entered the genome-sequencing era. It is through the link to functi...

This research project will present a qualitative and quantitative account of how Lloyds Bank emerged as the strongest UK bank in the 1990s -after being the weakest ten years earlier. Through a case study approach the research presents the genesis and performance of Lloyds Bank’s response to new growth opportunities. Through econometric analysis (i.e. an event study) the research evaluates the s...

BACKGROUND Gene duplication is a major driver of evolutionary innovation as it allows for an organism to elaborate its existing biological functions via specialization or diversification of initially redundant gene paralogs. Gene function can diversify in several ways. Transcription factor gene paralogs in particular, can diversify either by changes in their tissue-specific expression pattern o...

This paper elaborates on the concept of ‘corporate innovation system’ and examines a number of technology and management issues, judged by industry to be highly prominent, e.g. technology acquisition, technology diversification, internationalization of R&D, IP management and commercialization of new technologies, based on samples of corporations in Japan, Sweden and USA. These issues constitute...

Traditional approaches to corporate diversification are inadequate for understanding the role of corporation and strategy in the knowledge economy. This paper discusses (1) the need to construe corporate diversification in terms of knowledge-based relatedness and knowledge management capabilities of firms and (2) the role of IT for diversified firms. Knowledge-based relatedness captures related...

Despite the increasing scope for transactional approaches to corporate political activity (CPA) in emerging markets and rising concerns about the use of relational approaches, foreign firms in emerging economies appear to be reluctant to adopt transactional approaches to CPA. Using Resource Dependence theory we argue that criticality of resources, product diversification, integration with other...