The Risk Portfolio of Diversification

摘要：

　　Diversification is a focus issue in strategy management, but the problem of its risk exposure and measurement has not been completely solved.For first question, previous study presented a series of conflict results, and for second question, it has not a convincing research.In view of this, the paper divides risk of diversification into two parts.exogenous risk and endogenous risk, and analyzes the risk portfolio and the limit of diversification from integration perspective.In addition, the paper proposes the concept of risk exposure side which sheds a new light on further understanding the risk of business portfolio.The paper emphasizes that to measure the risk of diversification one must take into account endogenous and exogenous risk, risk exposure side and organization complexity together.

关键词： Diversification Risk exposure System complexity Endogenous risk Exogenous risk

作者: ZENG Jin

作者单位: College of Application Technology, Kunming University of Science and Technology, Kunming 650093, China

会议类型: 国内会议

会议名称: 中国管理科学与工程学会2013年年会暨第十一届中国管理科学与工程论坛

会议地点: 北京

会议语种:英文

页码: 206-212

在线出版日期: 2013-11-02（万方平台首次上网日期，不代表论文的发表时间）