International Diversification, Business Group Affiliation and Firm Performance

International Diversification, Business Group Affiliation and Firm Performance
Author: Ajai Gaur
Publisher:
Total Pages: 0
Release: 2010
Genre:
ISBN:

We investigate the impact of business group affiliation on the relationship between international diversification and firm performance for emerging economy firms. We develop the theoretical arguments based on an integration of the literature on international diversification with the institutional theory perspective. We argue for a U shaped relationship between international diversification and firm performance, and suggest that a firm's affiliation to a business group moderates the relationship between international diversification and firm performance. Based on a sample of Indian firms, we find that firm performance is positively related to the degree of internationalization, while business group affiliation reduces the positive effect of internationalization on firm performance.

Start-Up Enterprises and Contemporary Innovation Strategies in the Global Marketplace

Start-Up Enterprises and Contemporary Innovation Strategies in the Global Marketplace
Author: Rajagopal,
Publisher: IGI Global
Total Pages: 341
Release: 2017-11-30
Genre: Business & Economics
ISBN: 1522548327

In an ever-expanding economic world, the need for new businesses with the ability to create and evolve simultaneously is paramount to ensure success. Hybrid business models are essential to foster growth and promote prosperity. Start-Up Enterprises and Contemporary Innovation Strategies in the Global Marketplace is a critical scholarly resource that examines the relationship between worldwide industry and the need for up-to-date technologies and methods to support such an inclusive market. Featuring coverage on a diverse range of topics such as corporate social responsibility, collaborator empowerment, and start-up enterprise ecosystems, this book is geared toward managers, researchers, and students seeking current research on the interaction between modernization and the expansion of markets to accommodate worldwide industry.

Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups

Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups
Author: Tarun Khanna
Publisher:
Total Pages: 32
Release: 2009
Genre:
ISBN:

Emerging markets like India have poorly functioning institutions, leading to severe agency and information problems. Business groups in these markets have the potential to offer benefits to member firms, but they also have potential to destroy value. We analyze the performance of affiliates of diversified Indian business groups relative to unaffiliated firms. We find that accounting and stock market measures of firm performance initially decline with group diversification and subsequently increase once group diversification exceeds a certain level. Stock market measures suggest that, unlike U.S. conglomerates' lines of business, and similar to the affiliates of U.S. LBO associations, affiliates of the most diversified business groups outperform unaffiliated firms.

The Oxford Handbook of Business Groups

The Oxford Handbook of Business Groups
Author: Asli M. Colpan
Publisher: Oxford Handbooks Online
Total Pages: 828
Release: 2010-08-05
Genre: Business & Economics
ISBN: 019955286X

This handbook provides a comprehensive analysis of business groups around the world. It focuses on the adaptive and competitive capabilities of business groups and their evolutionary dynamics, as well as considering the historical and theoretical contexts of business groups.

Entrepreneurial Orientation

Entrepreneurial Orientation
Author: Andrew C. Corbett
Publisher: Emerald Group Publishing
Total Pages: 284
Release: 2021-01-12
Genre: Business & Economics
ISBN: 1838675736

In a world defined by increasing uncertainty and complexity, understanding the concept of Entrepreneurial Orientation (EO) is of critical importance. This volume convenes some of the world’s leading experts on EO to provide readers with an overview of the current state of EO research and set a compelling agenda for its future.

The Oxford Handbook of Business Groups

The Oxford Handbook of Business Groups
Author: Asli M. Colpan
Publisher: OUP Oxford
Total Pages: 828
Release: 2010-08-05
Genre: Business & Economics
ISBN: 0191613983

Business groups - large, diversified, often family-controlled organizations with pyramidal ownership structure, such as the Japanese zaibatsu, the Korean chaebol and the grupos economicos in Latin America - have played a significant role in national economic growth, especially in emerging economies. Earlier variants can also be found in the trading companies, often set up in Britain, which operated in Asia, Africa, and Latin America. Business groups are often criticized as premodern forms of economic organization, and occasionally as symptomatic of corrupt 'crony capitalism', but many have shown remarkable resilience, navigating and adjusting to economic and political turbulence, international competition, and technological change. This Handbook provides a comprehensive analysis of business groups around the world. It examines the adaptive and competitive capabilities of business groups, and their evolutionary dynamics. 16 individual country chapters deal with business groups from Asia to Africa, the Middle East to Latin America, while overarching chapters consider the historical and theoretical context of business groups. With contributions from leading experts, The Oxford Handbook of business groups provides a comprehensive, empirically and theoretically rich guide for scholars and policy-makers.