Business Group Affiliation, Performance, Context, and Strategy: A Meta-analysis

Abstract

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.

Keywords

Context (archaeology)Corporate groupTRACE (psycholinguistics)Meta-analysisBusinessGroup (periodic table)Group structureStrategic managementFamily businessMarketingOrganizational behaviorIndustrial organizationEconomicsPsychologyManagementCorporate governanceFinance

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Publication Info

Year: 2011
Type: article
Volume: 54
Issue: 3
Pages: 437-460
Citations: 517
Access: Closed

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APA Style

                            
                                
                                    Michael Carney, 
                                
                                    Éric Gedajlovic, 
                                
                                    Pursey Heugens
                                
                                et al.
                            
                            (2011). 
                            Business Group Affiliation, Performance, Context, and Strategy: A Meta-analysis. 
                            Academy of Management Journal
                            , 54
                            (3)
                            , 437-460.
                            https://doi.org/10.5465/amj.2011.61967812
                        

Identifiers

DOI: 10.5465/amj.2011.61967812