The Impact of Corporate Diversification and Financial Structure on Firm Performance: Evidence from South Asian Countries
Rashid Mehmood (),
Ahmed Hunjra () and
Muhammad Chani ()
Additional contact information
Rashid Mehmood: University Institute of Management Sciences, PMAS-Arid Agriculture University Rawalpindi, Punjab 46000, Pakistan
Journal of Risk and Financial Management, 2019, vol. 12, issue 1, 1-17
We examined the impact of corporate diversification and financial structure on the firms’ financial performance. We collected data from 520 manufacturing firms from Pakistan, India, Sri Lanka, and Bangladesh. We used panel data of 14 years from 2004–2017 to analyze the results. We applied a two-step dynamic panel approach to analyze the hypotheses. We found that product diversification and geographic diversification significantly affected the firms’ financial performance. We further found that dividend policy and capital structure had a significant impact on the firm’s financial performance.
Keywords: corporate diversification; financial structure; corporate governance; audit quality; firm financial performance (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:gam:jjrfmx:v:12:y:2019:i:1:p:49-:d:216946
Access Statistics for this article
Journal of Risk and Financial Management is currently edited by Prof. Dr. Michael McAleer
More articles in Journal of Risk and Financial Management from MDPI, Open Access Journal
Bibliographic data for series maintained by XML Conversion Team ().