Dieleman, Marleen; Sachs, Wladimir M. - In: Journal of International Management 14 (2008) 3, pp. 270-285
We argue that diversification can partly be explained by means of a novel concept, "economies of connectedness", denoting personal relationships of the owners that are used to add new businesses to an otherwise diversified portfolio. Economies of connectedness is a concept that complements those...