Diversified firms and Productivity in Japan

Atsushi Kawakami ()

Public Policy Review, 2017, vol. 13, issue 2, 153-166

Abstract: This study analyzed the relationship between the diversification of Japanese corporate firms and productivity, using gFinancial Statements Statistics of Corporations by Industry h by the Ministry of Finance. The diversification indicated by the statistics showed that the share for diversified firms declined substantially from 2003. The diversification tendency was stronger for non - manufacturing industries than for manufacturing industries and less for specialized industries. Enterprises were diversified to expand into real estate, rental service and retail/wholesale industries. Manufacturers were diversified within the manufacturing sector. Diversified firms, though featuring less productivity than non - diversified ones, tended to improve productivity over a long time. The improvement was greater for firms with greater management divisions. Non - manufacturing firms diversified to expand into manufacturing reduced productivity.

Keywords: Diversification; Total factor productivity (search for similar items in EconPapers)
JEL-codes: L11 L22 L25 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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