Microsoft Word 2007 ichrie conference Proceedings Final-Final 06-06-07. doc

 
2007 Annual International CHRIE Conference & Exposition 
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LITERATURE REVIEW 
Although many studies have examined the relationships between diversification and financial leverage 
(Barton & Gordon, 1987; Kochhar and Hitt, 1998; Singh & Nejadmalayeri, 2004) as well as their impact on 
financial performance (Berger & Patti, 2006; Bettis, 1983; Lee & Jang, 2007; Palich et al, 2000; Phillips & 
Sipahioglu, 2004; Rumelt, 1982), little has been done on the simultaneous effect of diversification and financial 
leverage on profitability.