The impact of product diversification and capital structure on firm performance: evidence from Vietnamese manufacturing enterprises
by Ho Phi Dinh; Phuong V. Nguyen; Jamshid C. Hosseini
J. for Global Business Advancement (JGBA), Vol. 12, No. 1, 2019

Abstract: This study examines the influence of product diversification (PD) and capital structure on firm performance in a transitional economy. Ownership structure has been considered as one of the critical factors impacting the efficiency of diversification strategies. However, few studies have investigated the effect of export orientation and ownership structure on PD strategies within the manufacturing sector in emerging markets such as Vietnam. Utilising a dataset on Vietnamese manufacturing enterprises from 2007 to 2015 generated by Vietnam General Statistics Office, the paper investigates the impact of PD on company performance within various capital structure types such as state-owned enterprises, private companies, corporations, and foreign direct investment (FDI) enterprises. We conclude that private companies and corporations are more likely to engage in and reap benefits from PD strategies while other types of enterprises appear to be less likely to engage in PD and, therefore, lag in attaining higher levels of advantage.

Online publication date: Tue, 28-May-2019

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the J. for Global Business Advancement (JGBA):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email