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首页> 外文期刊>International Journal of Emerging Markets >Performance of business group affiliated firms in emerging markets: Causal mediation analysis of internationalization and investment into innovation strategy
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Performance of business group affiliated firms in emerging markets: Causal mediation analysis of internationalization and investment into innovation strategy

机译:业务组关联公司在新兴市场中的表现:国际化和创新策略投资的因果关系分析

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摘要

Purpose - The purpose of this paper is to explore the existing mechanism through which business group affiliated firms in emerging markets (EMs) continue to generate superior performance. Design/methodology/approach - The authors build our argument on the basis of how business group affiliation in EM facilitates internationalization and investment into innovation in affiliated firms compared to un-affiliated firm, resulting in higher firm performance. The authors use advance statistical modeling - causal mediation analysis to separate direct effect and indirect effect of business group affiliation in EM on performance through internationalization and investment into innovation of business group affiliated firms as mediating variables. Findings - Based on 122,479 observations (firm year) from 17,235 Indian business group affiliated and un-affiliated firms, the findings help to identify that internationalization and investment into innovation of business group affiliated firms do have a mediating role in affiliation-performance relationship for EM business groups. Originality/value - This study unravels the existing causal chain between business group affiliation in EMs and subsequent performance of affiliated firms. The authors complement institutional argument for superior performance of business group affiliation and focus on the performance implication of mediating strategic decisions in affiliated firms.
机译:目的-本文的目的是探索现有机制,通过这种机制,新兴市场(EM)中的业务组关联公司将继续产生卓越的业绩。设计/方法/方法-作者的观点是基于EM中的业务组从属关系与非从属关系公司相比如何促进关联公司的国际化和对创新的投资,从而提高了公司的绩效。作者使用高级统计模型-因果中介分析,通过国际化和对商业集团附属公司的创新进行投资作为中介变量,从而将新兴市场中企业集团从属关系对绩效的直接影响和间接影响分开。调查结果-基于对来自17235家印度商业集团附属公司和非附属公司的122479项调查(实绩年),这些发现有助于确定国际化和对商业集团附属公司创新的投资确实在EM的隶属关系和绩效关系中起着中介作用。商业团体。独创性/价值-这项研究揭示了新兴市场中企业集团的隶属关系与关联公司的后续绩效之间的现有因果关系链。作者补充了机构论点,以证明业务集团隶属关系的卓越绩效,并着重研究了调解关联公司战略决策的绩效含义。

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