Proceedings of the 2019 3rd International Conference on Education, Management Science and Economics (ICEMSE 2019)

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The Research on the Relationship between Levels of Diversification and Enterprise Performance of Real Estate Listed Companies

Authors
Jindi Yang, Shilin Li, Hongping Lian
Corresponding Author
Hongping Lian
Available Online September 2019.
DOI
10.2991/icemse-19.2019.135How to use a DOI?
Keywords
Real estate company, Level of Diversification, Enterprise performance
Abstract

This empirical study selects listed companies in the real estate industry as the research object, employs its 2012-2016 information to establish non-balanced panel data, investigates the relation between the levels of company's diversification and enterprise performance and concludes that the level of diversification of real estate listed companies is negatively correlated with enterprise performance. Specifically, the level of diversification of single-business, dominant-business, and low-degree unrelated business has no significant relation with enterprise performance. Highly unrelated diversification is significantly negatively correlated with enterprise performance. After adding the quadratic term of the indicator of the independent variable, this study indicates that, under certain conditions, the increase in level of diversification can help improving enterprise performance. Therefore, real estate listed companies should pay more attention to related industries when implementing the diversification strategy, and controlling the degree of diversification within a certain range.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2019 3rd International Conference on Education, Management Science and Economics (ICEMSE 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
September 2019
ISBN
10.2991/icemse-19.2019.135
ISSN
2352-5428
DOI
10.2991/icemse-19.2019.135How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Jindi Yang
AU  - Shilin Li
AU  - Hongping Lian
PY  - 2019/09
DA  - 2019/09
TI  - The Research on the Relationship between Levels of Diversification and Enterprise Performance of Real Estate Listed Companies
BT  - Proceedings of the 2019 3rd International Conference on Education, Management Science and Economics  (ICEMSE 2019)
PB  - Atlantis Press
SP  - 584
EP  - 589
SN  - 2352-5428
UR  - https://doi.org/10.2991/icemse-19.2019.135
DO  - 10.2991/icemse-19.2019.135
ID  - Yang2019/09
ER  -