Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/1467
Title: Business group heterogeneity and the internationalization-performance relationship: Evidence from Indian business groups
Authors: Purkayastha, Saptarshi
Kumar, Vikas
Lu, Jane Wenzhen
Keywords: Business group performance
Business groups
Internationalization
Ownership heterogeneity
Issue Date: 2017
Publisher: SCOPUS
Asia Pacific Journal of Management
Springer New York LLC
Series/Report no.: 34(2)
Abstract: Business groups, the dominant organizational form in many Asian markets, have expanded their operations into international markets. We combine the resources-based view with the institutional perspective to highlight the costs and benefits of business groups� internationalization, rather than business groups� affiliated firms� internationalization, and consider how ownership heterogeneity among business groups influences the internationalization-performance relationship. Three ownership types�family, domestic financial institution, and foreign corporate�serve as distinguishing characteristics of business groups and potential moderators of this relationship. In a sample of 185 Indian business groups examined over more than a decade (2000�2010), we find that these three ownership types have a differential impact on the internationalization-performance relationship� depending on the level of internationalization of the business group. Specifically� we find that at lower levels of internationalization, family and foreign corporate ownership has a positive moderating effect whereas domestic financial institutional ownership has a negative moderating effect. Conversely� at higher levels of internationalization, family and foreign corporate ownership has a negative moderating effect, while domestic financial institutional ownership positively moderates the internationalization-performance relationship. � 2016, Springer Science+Business Media New York.
Description: Purkayastha, Saptarshi, Department of Strategic Management, Indian Institute of Management Calcutta, Kolkata, India; Kumar, Vikas, University of Sydney Business School, Sydney, Australia; Lu, Jane Wenzhen, Department of Management & Marketing, The University of Melbourne, Melbourne, Australia
ISSN/ISBN - 02174561
pp.247-279
DOI - 10.1007/s10490-016-9489-5
URI: https://www.scopus.com/inward/record.uri?eid=2-s2.0-84994275846&doi=10.1007%2fs10490-016-9489-5&partnerID=40&md5=a61dada62120d282ce356dadf6ed27c8
https://ir.iimcal.ac.in:8443/jspui/handle/123456789/1467
Appears in Collections:Strategic Management

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