产业经济学系列讲座第125期

 

时间: 2015年8月21日(周五) 10:00 –12:00

地点:史带楼303室

主持人:孙霈 副教授

演讲嘉宾:Dr. Helen HU   University of Melbourne, Australia

主题:State Logic, Institutional Diversity, and Performance Persistence of Business Group Affiliated Firms in China and India

 

ABSTRACT

 

Business groups emerge in developing economies through direct or indirect support from the state in order to overcome a variety of institutional voids and/or to further state objectives of economic growth. However, the efficacy of this organizational form and its associated governance structures has been debated given business groups’ dual possibility of allocating resources for capability building among affiliated firms (paragons) or appropriating benefits through tunneling or co-insurance (parasites). We argue that elements of the institutional environment comprising the state’s approach to organizations and the political context of state–organization interactions influence business groups’ resource allocation strategies, as reflected in the persistence of affiliated firms’ superior performance. Using China and India as examples of two distinct institutional contexts, we develop and test our hypotheses with a panel of 1,153 large firms from these two countries for the period from 2005 to 2010. We find that the positive effect of business group affiliation on firm performance persistence is stronger in China than in India and that the performance persistence differential decreases for internationalized affiliates of business groups from the two countries. Our findings have implications for an understanding of business groups across institutional contexts and the influence of diversity in state capitalisms on organizational strategies.

 

Biography

 

Helen Hu is Senior Lecturer in Strategy and International Business in the Department of Management and Marketing, the University of Melbourne, Australia. Helen's research interests are corporate governance and internationalization of emerging economy firms. Her work has been published in Strategic Management Journal, Journal of Management Studies, Journal of World Business, International Business Review, and Asia Pacific Journal of Management, among others. She currently serves on the editorial review boards of Asia Pacific Journal of Management and Management and Organization Review, and is a regular commentator on Sky News, SBS and China Radio International.


产业经济学系

2015-8-14