BUSINESS GROUP AFFILIATION, PERFORMANCE, CONTEXT, AND STRATEGY: A META-ANALYSIS

被引：361

作者：

Carney, Michael ^{[1
]}

Gedajlovic, Eric R. ^{[2
]}

Heugens, Pursey P. M. A. R. ^{[3
]}

Van Essen, Marc ^{[4
]}

Van Oosterhout, J. ^{[3
]}

机构：

[1] Concordia Univ, John Molson Sch Business, Montreal, PQ, Canada

[2] Simon Fraser Univ, Fac Business Adm, Burnaby, BC V5A 1S6, Canada

[3] Erasmus Univ, Rotterdam Sch Management, NL-3000 DR Rotterdam, Netherlands

[4] Univ Utrecht, Utrecht Sch Econ, NL-3508 TC Utrecht, Netherlands

来源：

ACADEMY OF MANAGEMENT JOURNAL | 2011年 / 54卷 / 03期

关键词：

CORPORATE GOVERNANCE; EMERGING MARKETS; FIRM PERFORMANCE; OWNERSHIP; KEIRETSU; COMPANIES; COSTS; COEVOLUTION; TRANSITION; FAMILY;

D O I：

10.5465/AMJ.2011.61967812

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Research on business groups-legally independent firms tied together in various 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 reduced affiliate performance to specific strategic actions taken at the firm and group levels. Overall, our results indicate that affiliate performance reflects complex processes and motivations.

引用

页码：437 / 460

页数：24

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