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Adamu, N, Zubairu, I K, Ibrahim, Y M and Ibrahim, A M (2011) Evaluating the impact of product diversification on financial performance of selected nigerian construction firms. Journal of Construction in Developing Countries, 16(2), 91-114.

  • Type: Journal Article
  • Keywords: diversification; financial performance; specialisation ratio
  • ISBN/ISSN: 1823-6499
  • URL: http://web.usm.my/jcdc/vol16_2_2011/ART5_jcdc16-2.pdf
  • Abstract:
    The need for the improved performance and continuous survival of construction firms has caused firms to diversify into other businesses. The purpose of this study is to determine the influence of diversification on the performance of some Nigerian construction firms. Financial statements from seventy construction firms were analysed. The specialisation ratio method was used to measure and categorise the firms into undiversified, moderately diversified and highly diversified firms, and profitability ratios were used to measure the group-wise performance of the firms. The Student t-test was used to test the relationship between the extent of diversification and performance. The findings reveal that undiversified firms outperform the highly diversified firms in terms of Return on Total Assets and Profit Margin. Similarly, the moderately diversified firms were found to outperform the highly diversified firms in terms of Return on Equity, Return on Total Assets and Profit Margin. However, no performance difference was found between the undiversified firms and the moderately diversified firms based on the three measures used. A nonlinear relationship was found between the extent of diversification and performance. It was concluded that diversification does not necessarily lead to an improvement in profitability. The implication is that firms are better-off remaining focused if the aim is to improve financial performance. © Penerbit Universiti Sains Malaysia, 2011.

Bouhamou, N E, Belas, N, Attar, A, Achour, B and Mebrouki, A (2011) Properties of self-consolidating concrete produced using local algerian materials. Journal of Construction in Developing Countries, 16(2), 1-25.

Chileshe, N, Boadua, A and Yirenkyi, F (2011) Perceptions of threat risk frequency and impact on construction projects in Ghana: Opinion survey findings. Journal of Construction in Developing Countries, 16(2), 115-49.

Formoso, C, Leite, F and Miron, L (2011) Client requirements management in social housing: A case study on the residential leasing program in brazil. Journal of Construction in Developing Countries, 16(2), 47-67.

Idoro, G I (2011) Comparing occupational health and safety management efforts and performance of nigerian construction contractors. Journal of Construction in Developing Countries, 16(2), 151-73.

Idoro, G I (2011) Effect of mechanisation on occupational health and safety performance in the Nigerian construction industry. Journal of Construction in Developing Countries, 16(2), 27-45.

Manjia, M, Pettang, C and Abanda, F (2011) Urban self-building labour cost modelling in Cameroon. Journal of Construction in Developing Countries, 16(2), 69-90.