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|Title:||Business group affiliation and firm performance during institutional transition|
Emerging market firms
|Source:||Gaur, A.S.,Delios, A. (2006). Business group affiliation and firm performance during institutional transition. Academy of Management 2006 Annual Meeting: Knowledge, Action and the Public Concern, AOM 2006 : -. ScholarBank@NUS Repository.|
|Abstract:||We investigate the performance implications of business group affiliation over a longitudinal period to capture the effects of institutional transitions. Drawing from the institutional voids and market failure perspectives of business groups, we argue that as institutions in a country evolve and markets for capital, labor and products develop, the positive effects of group affiliation will decline, while the negative effects will increase. We test our arguments on a sample of 8,882 Indian firms, 3,087 of which are affiliated with business groups and 5,795 of which are not. We look at the 12 year time period, from 1993-2004, during which there has been substantial development in various markets in India. We find that group affiliation becomes affiliated with lower firm performance during a period in which substantial institutional transitions have taken place.|
|Source Title:||Academy of Management 2006 Annual Meeting: Knowledge, Action and the Public Concern, AOM 2006|
|Appears in Collections:||Staff Publications|
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