Keywords
Citation
Carney, M. (2012), "Business group affiliation, performance, context, and strategy: a meta-analysis", Strategic Direction, Vol. 28 No. 2. https://doi.org/10.1108/sd.2012.05628baa.010
Publisher
:Emerald Group Publishing Limited
Copyright © 2012, Emerald Group Publishing Limited
Business group affiliation, performance, context, and strategy: a meta-analysis
Article Type: Abstracts From: Strategic Direction, Volume 28, Issue 2
Carney M., Gedajlovic E.R., Heugens P.P.M.A.R. and Van Oosterhout M.Academy of Management Journal, June 2011, Vol. 54 No. 3, Start page: 437, No of pages: 24
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.ISSN: 0001-4273Article type: ViewpointReference: 40AS521 (Permanent URL)
Keywords: Business groups, Context, Meta-analysis, Organizational performance, Strategy