<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462020000100135</article-id>
<article-id pub-id-type="doi">10.21919/remef.v15i1.384</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Impacto de la estrategia de diversificación en el desempeño financiero en empresas de la Bolsa Mexicana de Valores]]></article-title>
<article-title xml:lang="en"><![CDATA[Impact of the diversification strategy on the financial performance of companies in the Mexican Stock Exchange]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Arango Herrera]]></surname>
<given-names><![CDATA[Eduardo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[García Fernández]]></surname>
<given-names><![CDATA[Francisco]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Serna Hinojosa]]></surname>
<given-names><![CDATA[José Antonio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma de Tamaulipas  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2020</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2020</year>
</pub-date>
<volume>15</volume>
<numero>1</numero>
<fpage>135</fpage>
<lpage>144</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462020000100135&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462020000100135&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462020000100135&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El presente trabajo de investigación tiene como objetivo analizar el impacto de la diversificación mediante las métricas Herfindahl y Entropía en el desempeño financiero (EBITDA y Q-Tobins). La información fue obtenida a través de fuentes secundaras correspondientes a 133 empresas de la Bolsa Mexicana de Valores durante el periodo 2011-2016, sometiéndose a un análisis cuantitativo mediante la técnica de datos de panel. Los resultados muestran que las métricas de diversificación utilizadas resultan significativas cuando el desempeño es medido a través del EBITDA. El EBITDA puede ser una métrica utilizada para medir el desempeño de la estrategia en las empresas. Siendo la principal limitación es el acceso a la información financiera de los productos ofertados. Esta investigación propone el EBITDA como métrica de medición del desempeño financiero en un contexto de diversificación en países emergentes. Finalmente, se concluye con el efecto positivo y significativo de la métrica Herfindahl, mostrando que el EBITDA tiene mejor resultado al medir el desempeño de la diversificación que la Q-Tobins.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This work aims to analyze the impact of diversification on financial performance (EBITDA and Tobin&#8217;s Q) through the Herfindahl and Entropy metrics. The obtained data came from secondary sources corresponding to 133 companies in the Mexican Stock Exchange for the 2011-2016 period. This data went through a quantitative analysis using panel data technics. The results indicate that the diversification metrics are significant when performance is measured using EBITDA. The main limitation was access to detailed financial information on the marketed products. This work proposes EBITDA as a metric to measure financial performance in a diversification context in emerging countries. In conclusion, the positive and significative effect of the Herfindahl metric illustrated that EBITDA provides better results than Tobin´s Q when measuring diversification performance.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[L22]]></kwd>
<kwd lng="es"><![CDATA[L25]]></kwd>
<kwd lng="es"><![CDATA[M13]]></kwd>
<kwd lng="es"><![CDATA[Diversificación]]></kwd>
<kwd lng="es"><![CDATA[desempeño financiero]]></kwd>
<kwd lng="es"><![CDATA[métricas]]></kwd>
<kwd lng="en"><![CDATA[L22]]></kwd>
<kwd lng="en"><![CDATA[L25]]></kwd>
<kwd lng="en"><![CDATA[M13]]></kwd>
<kwd lng="en"><![CDATA[diversification]]></kwd>
<kwd lng="en"><![CDATA[financial performance]]></kwd>
<kwd lng="en"><![CDATA[metrics 1.2]]></kwd>
</kwd-group>
</article-meta>
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