Abstract
The relationship between diversification and enterprise performance has always been a hot issue of concern, and yet the conclusions vary. At present, although most of the listed hydropower companies in our country have been under diversified operation, there is no empirical study of the diversified operation and the enterprise performance. This paper takes the relationship between enterprise performance and diversification of the listed hydropower companies as a sample and explores it thoroughly. According to the study, there is a negative relationship between diversification and enterprise performance (rate of return on common stockholders’ equity). In order to improve the performance, the listed hydropower companies should operate in a simply-structured but highly efficient and low-consumption operation mode.
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