000			01361 a2200181 4500
035			_a(janium)185350
005			20221115013106.0
998			_aHEME1 _b20070827 _zjanium
008			070827e2005 mx |||p r## 0 ||spa||
100	1		_aFabre Mendoza, Fernando
245	1		_aThe evolution of competitive advantages of a corporate diversification strategy
520			_aThere is evidence as to clear competitive advantages of conglomerates (holdings or business groups, focused or unrelated) in emergent economies, due to the lack of institutional agreements. In Mexico, conglomerates have profited from financial, operational and technological synergies through internal capital markets substituting goods, labour, contractual, financial and other inefficient local markets. By using data from a panel of 65 businesses traded in Mexico’s Stock Exchange for the past 18 quarters (1170 observation points, balanced sample), it is evident that increments in institutional development levels in the country are reducing the competitive advantages of conglomerates, which suggests a divestment strategy is necessary and imminent.
546			_aArtículo en inglés.
650			_aDIVERSIFICACION CORPORATIVA.
650			_aVENTAJAS COMPETITIVAS.
650			_aMERCADOS INTERNOS DE CAPITAL.
773	1		_tThe anáhuac journal _g5, 2 (second semester 2005), 2-31
999			_c184539 _d184539