The postentry performance of business groups’ new venture affiliates

Chien Nan Chen, Chengli Tien*, Bernard Gan

*此作品的通信作者

研究成果: 雜誌貢獻期刊論文同行評審

摘要

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.

原文英語
頁(從 - 到)325-343
頁數19
期刊Australian Journal of Management
44
發行號2
DOIs
出版狀態已發佈 - 2019 5月 1

ASJC Scopus subject areas

  • 商業、管理和會計 (全部)

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