Business group affiliation, performance, context, and strategy: A meta-analysis
Journal
Academy of Management Journal
ISSN
0001-4273
ISSN-Digital
1948-0989
Type
journal article
Date Issued
2011-06
Author(s)
Abstract
Research on business groups - legally independent firms tied together in a variety of formal and informal ways - is accelerating. Through meta-analytical techniques employed on a database of 141 studies covering 28 different countries, we synthesize this research and extend it by testing several new hypotheses. We find that affiliation diminishes firm performance in general, but also that affiliates are comparatively better off in contexts with underdeveloped financial and labor market institutions. We also trace the affiliation discount to specific strategic actions taken at the firm and group levels. Overall, our results indicate that affiliate performance reflects complex processes and motivations.
Language
English
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Academy of Management
Publisher place
Briarcliff Manor, NJ
Volume
54
Number
3
Start page
437
End page
460
Pages
24
Subject(s)
Eprints ID
244594