The generalized selection combining (GSC) scheme that adaptively combines a subset of M strongest paths out of L available diversity paths finds applications in several wideband receivers and broadband wireless communications. In this paper, exact closed‐form expressions for the moment generating function (MGF), the probability density function (PDF) and the cumulative density function (CDF) of the GSC(M, L) output signal‐to‐noise ratio (SNR) in independent and identically distributed (i.i.d) Nakagami‐m fading channels are derived while the fading index is a positive integer. These expressions hold for any M and L and provide a comprehensive framework for performance analysis including the derivation of closed‐form formulas for the average symbol error probability (ASEP) of a broad class of binary and M‐ary modulations, mean combined SNR and the outage probability of GSC(M, L) receiver structures. When the Nakagami‐m fading index is not an integer, the MGF of GSC(M, L) output SNR is derived as an (M − 1)‐fold infinite series. With this MGF, analytical expressions for both the outage probability and error rates can be readily obtained. An easily programmable recursive solution of the MGF of GSC(M, L) output SNR is also outlined for both the positive integer and noninteger fading severity index cases. Copyright © 2002 John Wiley & Sons, Ltd.