Shaurav, Kumar and Rath, Badri Narayan
(2022)
Market Concentration, Diversification and Firm’s Performance in the Case of Indian Chemical Industry.
Science, Technology and Society.
ISSN 0971-7218
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Abstract
This study investigates the effects of market concentration and diversification on firms' performance in the case of the Indian chemical industry. The findings indicate a positive relationship between market concentration and performance measured in terms productivity and profitability. However, firm diversification shows a negative impact on a firm's productivity and but positive impact on its profitability. The study also reveals that market concentration outperformed in comparison to the diversification strategy for the Indian chemical industry.
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