Skip Navigation


ICC Advance Access originally published online on November 3, 2005
Industrial and Corporate Change 2005 14(6):897-940; doi:10.1093/icc/dth079
This Article
Right arrow Full Text
Right arrow Full Text (PDF)
Right arrow All Versions of this Article:
14/6/897    most recent
dth079v1
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Colpan, A. M.
Right arrow Articles by Hikino, T.
Right arrow Search for Related Content
Related Collections
Right arrow G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure
Right arrow L25 - Firm Performance: Size, Diversification, and Scope
Right arrow L67 - Other Consumer Nondurables: Clothing, Textiles, Shoes, and Leather
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

© The Author 2005. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved.

Changing economic environments, evolving diversification strategies, and differing financial performance: Japan’s largest textile firms, 1970–2001

Asli M. Colpan

Takashi Hikino

Correspondence: Asli M. Colpan, Institute of Economic Research, Kyoto University. Email: macolpan{at}kier.kyoto-u.ac.jp

Correspondence: Takashi Hikino, Graduate School of Economics, Kyoto University, and Kyoto Center for Japanese Research, Stanford University. Email: hikino{at}econ.kyoto-u.ac.jp

Japan’s largest textile firms have adopted the strategy of diversification into new product markets, since they started facing industry maturity and macroeconomic turbulences. We find that the nature and magnitude of capabilities had decisive impacts on the direction of diversification. Our panel data analyses show that different diversification paths actually yielded contrasting performances. The outcomes also suggest that the effectiveness of specific diversification schemes was contingent on macroeconomic environments. Ultimately, however, only the commitment to technology, not marketing or finance, ensured long-term profitability.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?




Disclaimer: Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.