The postentry performance of business groups’ new venture affiliates

Autor:	Chien Nan Chen, Bernard Gan, Chengli Tien
Rok vydání:	2018
Předmět:	050208 finance Resource dependence theory 0502 economics and business 05 social sciences Sample (statistics) Business General Business Management and Accounting 050203 business & management Industrial organization
Zdroj:	Australian Journal of Management. 44:325-343
ISSN:	1327-2020 0312-8962
DOI:	10.1177/0312896218792965
Popis:	Using resource dependence theory, this study examines the determinants of firm performance among business groups’ new venture affiliates using a sample of 1512 new venture affiliates associated with 104 large-sized business groups in Taiwan. The empirical findings reveal that improved affiliate postentry performance is linked to the relative size of a business group’s new venture affiliate and the level of autonomy inherent in decision-making. Furthermore, when the product market of a new venture affiliate is resource-related to its affiliated business group’s main business, this affiliate may benefit from resource relatedness with an improved return on equity.JEL Classification: M10, M16, M38
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::25bf19c7b0e1bb055c839c7400f7e077 https://doi.org/10.1177/0312896218792965 Zobrazit plný text záznamu