{"id":"https://openalex.org/W2062366005","doi":"https://doi.org/10.2307/1926989","title":"The Effect of Diversification on Industry Profit Performance in 241 Manufacturing Industries: 1963","display_name":"The Effect of Diversification on Industry Profit Performance in 241 Manufacturing Industries: 1963","publication_year":1973,"publication_date":"1973-05-01","ids":{"openalex":"https://openalex.org/W2062366005","doi":"https://doi.org/10.2307/1926989","mag":"2062366005"},"language":"en","primary_location":{"id":"doi:10.2307/1926989","doi":"https://doi.org/10.2307/1926989","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1926989","pdf_url":null,"source":{"id":"https://openalex.org/S180061323","display_name":"The Review of Economics and Statistics","issn_l":"0034-6535","issn":["0034-6535","1530-9142"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315718","host_organization_name":"The MIT Press","host_organization_lineage":["https://openalex.org/P4310315718","https://openalex.org/P4310316440"],"host_organization_lineage_names":["The MIT Press","Massachusetts Institute of Technology"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Review of Economics and Statistics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5063213305","display_name":"Stephen A. Rhoades","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Stephen A. Rhoades","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5063213305"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":9.0242,"has_fulltext":false,"cited_by_count":99,"citation_normalized_percentile":{"value":0.96925985,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"55","issue":"2","first_page":"146","last_page":"146"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.9976000189781189,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.9976000189781189,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12851","display_name":"Firm Innovation and Growth","score":0.0017000000225380063,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/diversification","display_name":"diversification","score":0.8119999766349792},{"id":"https://openalex.org/keywords/conglomerate-mergers","display_name":"conglomerate mergers","score":0.8619999885559082},{"id":"https://openalex.org/keywords/price-cost-margins","display_name":"price-cost margins","score":0.8270000219345093},{"id":"https://openalex.org/keywords/entry-barriers","display_name":"barriers to entry","score":0.8600000143051147},{"id":"https://openalex.org/keywords/industry-structure","display_name":"industry structure","score":0.9179999828338623},{"id":"https://openalex.org/keywords/manufacturing-industry","display_name":"manufacturing industry","score":0.9039999842643738}],"concepts":[{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.7966381311416626},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.686892032623291},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.6706362962722778},{"id":"https://openalex.org/C175700187","wikidata":"https://www.wikidata.org/wiki/Q187939","display_name":"Manufacturing","level":2,"score":0.5984638929367065},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.544083297252655},{"id":"https://openalex.org/C54750564","wikidata":"https://www.wikidata.org/wiki/Q26643","display_name":"Commerce","level":1,"score":0.3325845003128052},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.297914981842041},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2434423565864563},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.14237913489341736}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.2307/1926989","doi":"https://doi.org/10.2307/1926989","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1926989","pdf_url":null,"source":{"id":"https://openalex.org/S180061323","display_name":"The Review of Economics and Statistics","issn_l":"0034-6535","issn":["0034-6535","1530-9142"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315718","host_organization_name":"The MIT Press","host_organization_lineage":["https://openalex.org/P4310315718","https://openalex.org/P4310316440"],"host_organization_lineage_names":["The MIT Press","Massachusetts Institute of Technology"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Review of Economics and Statistics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:tpr:restat:v:55:y:1973:i:2:p:146-55","doi":null,"is_oa":false,"landing_page_url":"http://links.jstor.org/sici?sici=0034-6535%28197305%2955%3A2%3C146%3ATEODOI%3E2.0.CO%3B2-Z&origin=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.48510000109672546,"display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":9,"referenced_works":["https://openalex.org/W1977307460","https://openalex.org/W1977948180","https://openalex.org/W1986639441","https://openalex.org/W1987541920","https://openalex.org/W1998691772","https://openalex.org/W2033734735","https://openalex.org/W2046178093","https://openalex.org/W2317117722","https://openalex.org/W3123850974"],"related_works":["https://openalex.org/W2323752593","https://openalex.org/W1997733976","https://openalex.org/W1973990217","https://openalex.org/W2004879814","https://openalex.org/W2008777586","https://openalex.org/W3151248550","https://openalex.org/W2010339448","https://openalex.org/W643036717","https://openalex.org/W2069071779","https://openalex.org/W2564750066"],"abstract_inverted_index":{"U":[0],"NFORTUNATELY,":[1],"economic":[2],"theory":[3],"and":[4,91,108],"existing":[5],"empirical":[6,29,76],"evidence":[7,77],"provide":[8,74,152],"little":[9],"insight":[10],"into":[11,119],"the":[12,24,38,48,65,79,85,94,97,109,135,150,156],"effects":[13,80],"of":[14,31,68,81,105,129,138,149],"diversification":[15,32,82,101,114,159],"on":[16,78,126,164],"industry":[17,88,106],"performance.":[18],"This":[19,70],"is":[20,102,124,144],"partially":[21],"due":[22],"to":[23,51,63,73,117,171,174],"fact":[25],"that":[26,100,113],"most":[27],"previous":[28],"studies":[30],"have":[33],"been":[34],"concerned":[35],"with":[36],"tabulating":[37],"extent":[39],"of,1":[40],"or":[41],"motives":[42],"for,2":[43],"diversification.":[44,69],"In":[45],"order":[46],"for":[47,155],"antiitrust":[49],"authorities":[50],"develop":[52],"a":[53,127,161],"rational":[54],"policy":[55],"toward":[56],"conglomerate":[57],"mergers,":[58],"it":[59],"will":[60],"be":[61,169],"necessary":[62],"determine":[64],"competitive":[66],"consequences":[67],"study":[71,95,123],"attempts":[72],"some":[75],"by":[83],"examining":[84],"relationship":[86],"between":[87],"price-cost":[89,165],"margins":[90,166],"diversification.3":[92],"Specifically,":[93],"examines":[96],"general":[98],"proposition":[99,157],"an":[103,120],"element":[104],"structure":[107],"more":[110],"narrow":[111],"hypothesis":[112],"raises":[115],"barriers":[116,173],"entry":[118],"industry.":[121],"The":[122,140],"based":[125],"sample":[128],"241":[130],"four-digit":[131],"manufacturing":[132],"industries":[133],"from":[134],"1963":[136],"Census":[137],"Manufactures.":[139],"primary":[141],"testing":[142],"technique":[143],"multivariate":[145],"regression":[146],"analysis.":[147],"Results":[148],"analysis":[151],"tentative":[153],"support":[154],"'that":[158],"has":[160],"systematic":[162],"influence":[163],"which":[167],"may":[168],"attributable":[170],"certain":[172],"entry.":[175]},"counts_by_year":[{"year":2025,"cited_by_count":4},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":4}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}
