Resumo

MARCHANT VENEGAS, Sebastián; KING DOMINGUEZ, Andrea  e  AMESTICA RIVAS, Luis. Influence of diversification strategy on the financial performance of firms during economic cycles in Chile. Cofin [online]. 2023, vol.17, n.2  Epub 01-Jul-2023. ISSN 2073-6061.

This study analyzed the financial returns of stock market companies comprising the General Stock Price Index in Chile in two economic cycles (2007-2011 and 2014-2018) and their relationship with the assumed diversification strategy. The sample consists of a panel data of 65 companies for the case of the economic recession cycle (2007-2011) and 52 companies for the economic growth cycle (2014-2018). Among the most noteworthy results, it is evident that companies that adopt an unrelated diversification strategy during a cycle of economic instability have better average results in the indicators analyzed. On the other hand, companies that adopt a concentration strategy during periods of economic growth have better average results in their financial performance indicators.

Palavras-chave : Chile; economic cycle; financial performance; diversification; business; strategy.

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