메뉴 건너뛰기




Volumn 29, Issue 3, 2012, Pages 799-818

Political connections and corporate diversification in emerging economies: Evidence from China

Author keywords

Corporate diversification; Emerging economy; Political connections; Resource based view

Indexed keywords


EID: 84865430639     PISSN: 02174561     EISSN: 15729958     Source Type: Journal    
DOI: 10.1007/s10490-011-9265-5     Document Type: Article
Times cited : (102)

References (51)
  • 1
    • 84896930624 scopus 로고
    • Firm resources and sustained competitive advantage
    • Barney, J. 1991. Firm resources and sustained competitive advantage. Journal of Management, 17: 99-120.
    • (1991) Journal of Management , vol.17 , pp. 99-120
    • Barney, J.1
  • 2
    • 78249253931 scopus 로고    scopus 로고
    • Does sub-national region matter? Foreign affiliate performance in the U.S. and China
    • Chan, C., Makino, S., & Isobe, T. 2010. Does sub-national region matter? Foreign affiliate performance in the U. S. and China. Strategic Management Journal, 31: 1226-1243.
    • (2010) Strategic Management Journal , vol.31 , pp. 1226-1243
    • Chan, C.1    Makino, S.2    Isobe, T.3
  • 3
    • 55349132382 scopus 로고    scopus 로고
    • Which country matters? Institutional development and foreign affiliate performance
    • Chan, C. M., Isobe, T., & Makino, S. 2008. Which country matters? Institutional development and foreign affiliate performance. Strategic Management Journal, 29: 1179-1205.
    • (2008) Strategic Management Journal , vol.29 , pp. 1179-1205
    • Chan, C.M.1    Isobe, T.2    Makino, S.3
  • 4
    • 0030251022 scopus 로고    scopus 로고
    • An evolutionary perspective on diversification and corporate restructuring: Entry, exit and economic performance, 1981-89
    • Chang, S. J. 1996. An evolutionary perspective on diversification and corporate restructuring: Entry, exit and economic performance, 1981-89. Strategic Management Journal, 17: 587-611.
    • (1996) Strategic Management Journal , vol.17 , pp. 587-611
    • Chang, S.J.1
  • 5
    • 84989040310 scopus 로고
    • The link between resource and type of diversification: Theory and evidence
    • Chatterjee, S., & Wernerfelt, B. 1991. The link between resource and type of diversification: Theory and evidence. Strategic Management Journal, 12: 33-48.
    • (1991) Strategic Management Journal , vol.12 , pp. 33-48
    • Chatterjee, S.1    Wernerfelt, B.2
  • 6
    • 84865415808 scopus 로고    scopus 로고
    • NERI index of marketization of China's provinces
    • Press (In Chinese)
    • Fan, G., & Wang, X. L. 2006. NERI index of marketization of China's provinces. Economic Science Press (In Chinese).
    • (2006) Economic Science
    • Fan, G.1    Wang, X.L.2
  • 7
    • 34247262521 scopus 로고    scopus 로고
    • Politically connected CEOs, corporate governance, and post-IPO performance of China's newly partially privatized firms
    • Fan, J. P., Wong, T. J., & Zhang, T. 2007. Politically connected CEOs, corporate governance, and post-IPO performance of China's newly partially privatized firms. Journal of Financial Economics, 84: 330-357.
    • (2007) Journal of Financial Economics , vol.84 , pp. 330-357
    • Fan, J.P.1    Wong, T.J.2    Zhang, T.3
  • 9
    • 21344498730 scopus 로고
    • Beyond industry boundaries: Human expertise, diversification and resource-related industry groups
    • Farjoun, M. 1994. Beyond industry boundaries: Human expertise, diversification and resource-related industry groups. Organization Science, 5: 185-199.
    • (1994) Organization Science , vol.5 , pp. 185-199
    • Farjoun, M.1
  • 10
    • 77949850491 scopus 로고    scopus 로고
    • A "strategic tripod" perspective on export behaviors: Evidence from domestic and foreign firms based in an emerging economy
    • Gao, G. Y., Murray, J. Y., Kotabe, M., & Lu, J. 2010. A "strategic tripod" perspective on export behaviors: Evidence from domestic and foreign firms based in an emerging economy. Journal of International Business Studies, 41: 377-396.
    • (2010) Journal of International Business Studies , vol.41 , pp. 377-396
    • Gao, G.Y.1    Murray, J.Y.2    Kotabe, M.3    Lu, J.4
  • 11
    • 0034339443 scopus 로고    scopus 로고
    • Business groups in emerging economies: A resource-based view
    • Guillen, M. F. 2000. Business groups in emerging economies: A resource-based view. Academy of Management Journal, 43: 362-380.
    • (2000) Academy of Management Journal , vol.43 , pp. 362-380
    • Guillen, M.F.1
  • 12
    • 84970531019 scopus 로고
    • Antecedents and performance outcomes of diversification: A review and critique of theoretical perspectives
    • Hoskisson, R. E., & Hitt, M. A. 1990. Antecedents and performance outcomes of diversification: A review and critique of theoretical perspectives. Journal of Management, 16: 461-509.
    • (1990) Journal of Management , vol.16 , pp. 461-509
    • Hoskisson, R.E.1    Hitt, M.A.2
  • 14
    • 2442614059 scopus 로고    scopus 로고
    • Corporate elites and corporate strategy: How demographic preference and structure positoin shape the scope of the firm
    • Jensen, M., & Zajac, E. J. 2004. Corporate elites and corporate strategy: How demographic preference and structure positoin shape the scope of the firm. Strategic Management Journal, 25: 507-524.
    • (2004) Strategic Management Journal , vol.25 , pp. 507-524
    • Jensen, M.1    Zajac, E.J.2
  • 15
    • 0001921324 scopus 로고    scopus 로고
    • Why focused strategies may be wrong for emerging markets
    • Khanna, T., & Palepu, K. 1997. Why focused strategies may be wrong for emerging markets. Harvard Business Review, 75: 41-51.
    • (1997) Harvard Business Review , vol.75 , pp. 41-51
    • Khanna, T.1    Palepu, K.2
  • 16
    • 0001937627 scopus 로고    scopus 로고
    • Estimating the performance of business groups in emerging markets
    • Khanna, T., & Rivkin, J. 2001. Estimating the performance of business groups in emerging markets. Strategic Management Journal, 22: 45-74.
    • (2001) Strategic Management Journal , vol.22 , pp. 45-74
    • Khanna, T.1    Rivkin, J.2
  • 17
    • 0036624871 scopus 로고    scopus 로고
    • Market triads: A theoretical and empirical analysis of market intermediation
    • Khurana, R. 2002. Market triads: A theoretical and empirical analysis of market intermediation. Journal for the Theory of Social Behavior, 32: 239-262.
    • (2002) Journal for the Theory of Social Behavior , vol.32 , pp. 239-262
    • Khurana, R.1
  • 18
    • 25144524537 scopus 로고    scopus 로고
    • How do interdependencies among human-capital deployment, development, and diversification strategies affect firms' financial performance
    • Kor, Y. Y., & Leblebici, H. 2005. How do interdependencies among human-capital deployment, development, and diversification strategies affect firms' financial performance. Strategic Management Journal, 26: 967-985.
    • (2005) Strategic Management Journal , vol.26 , pp. 967-985
    • Kor, Y.Y.1    Leblebici, H.2
  • 19
    • 48049119272 scopus 로고    scopus 로고
    • Political connections, financing and firm performance: Evidence from Chinese private firms
    • Li, H., Meng, L., Wang, Q., & Zhou, L. 2008a. Political connections, financing and firm performance: Evidence from Chinese private firms. Journal of Development Economics, 87: 283-299.
    • (2008) Journal of Development Economics , vol.87 , pp. 283-299
    • Li, H.1    Meng, L.2    Wang, Q.3    Zhou, L.4
  • 20
    • 33745447157 scopus 로고    scopus 로고
    • Why do entrepreneurs enter politics? Evidence from China
    • Li, H., Meng, L., & Zhang, J. 2006. Why do entrepreneurs enter politics? Evidence from China. Economic Inquiry, 44: 559-578.
    • (2006) Economic Inquiry , vol.44 , pp. 559-578
    • Li, H.1    Meng, L.2    Zhang, J.3
  • 21
    • 34547159195 scopus 로고    scopus 로고
    • The role of managers' political networking and functional experience in new venture performance: Evidence from China's transition economy
    • Li, H., & Zhang, Y. 2007. The role of managers' political networking and functional experience in new venture performance: Evidence from China's transition economy. Strategic Management Journal, 28: 791-804.
    • (2007) Strategic Management Journal , vol.28 , pp. 791-804
    • Li, H.1    Zhang, Y.2
  • 22
    • 41149119533 scopus 로고    scopus 로고
    • Do managerial ties in China always produce value? Competition, uncertainty, and domestic vs. foreign firms
    • Li, J. J., Poppo, L., & Zhou, K. Z. 2008b. Do managerial ties in China always produce value? Competition, uncertainty, and domestic vs. foreign firms. Strategic Management Journal, 29: 383-400.
    • (2008) Strategic Management Journal , vol.29 , pp. 383-400
    • Li, J.J.1    Poppo, L.2    Zhou, K.Z.3
  • 23
    • 59449109652 scopus 로고    scopus 로고
    • Competitive position, managerial ties, and profitability of foreign firms in China: An interactive perspective
    • Li, J. J., Zhou, K. Z., & Shao, A. T. 2009. Competitive position, managerial ties, and profitability of foreign firms in China: An interactive perspective. Journal of Internatoinal Business Studies, 40: 339-352.
    • (2009) Journal of Internatoinal Business Studies , vol.40 , pp. 339-352
    • Li, J.J.1    Zhou, K.Z.2    Shao, A.T.3
  • 24
    • 77649173768 scopus 로고
    • Longitudinal data analysis using generalized linear models
    • Liang, K., & Zenger, S. 1986. Longitudinal data analysis using generalized linear models. Biometrika, 73: 13-22.
    • (1986) Biometrika , vol.73 , pp. 13-22
    • Liang, K.1    Zenger, S.2
  • 25
    • 84989029859 scopus 로고
    • The resource-based view within the conversation of strategic management
    • Mahoney, J., & Pandian, J. 1992. The resource-based view within the conversation of strategic management. Strategic Management Journal, 13: 363-380.
    • (1992) Strategic Management Journal , vol.13 , pp. 363-380
    • Mahoney, J.1    Pandian, J.2
  • 26
    • 0030304389 scopus 로고    scopus 로고
    • Corporate diversification and organizational structure: A resource-based view
    • Markides, C. C., & Williamson, P. J. 1996. Corporate diversification and organizational structure: A resource-based view. Academy of Management Journal, 39: 340-367.
    • (1996) Academy of Management Journal , vol.39 , pp. 340-367
    • Markides, C.C.1    Williamson, P.J.2
  • 27
    • 13444306623 scopus 로고    scopus 로고
    • Foreign investment strategies and subnational institutions in emerging markets: Evidence from Vietnam
    • Meyer, K., & Nguyen, H. V. 2005. Foreign investment strategies and subnational institutions in emerging markets: Evidence from Vietnam. Journal of Management Studies, 42: 63-93.
    • (2005) Journal of Management Studies , vol.42 , pp. 63-93
    • Meyer, K.1    Nguyen, H.V.2
  • 28
    • 0000388296 scopus 로고
    • Diversification, Ricardian rents, and Tobin's q
    • Montgomery, C. A., & Wernerfelt, B. 1988. Diversification, Ricardian rents, and Tobin's q. Rand Journal, 623-632.
    • (1988) Rand Journal , pp. 623-632
    • Montgomery, C.A.1    Wernerfelt, B.2
  • 29
    • 84936824245 scopus 로고
    • Organizational dynamics of market transition: hybrid forms, property rights, and mixed economy in China
    • Nee, V. 1992. Organizational dynamics of market transition: Hybrid forms, property rights, and mixed economy in China. Administrative Science Quarterly, 37: 1-27.
    • (1992) Administrative Science Quarterly , vol.37 , pp. 1-27
    • Nee, V.1
  • 30
    • 84989095272 scopus 로고
    • Diversification strategy, profit performance and the entropy measure
    • Palepu, K. 1985. Diversification strategy, profit performance and the entropy measure. Strategic Management Journal, 6: 239-255.
    • (1985) Strategic Management Journal , vol.6 , pp. 239-255
    • Palepu, K.1
  • 31
    • 0037394548 scopus 로고    scopus 로고
    • Institutional transitions and strategic choices
    • Peng, M. 2003. Institutional transitions and strategic choices. Academy of Management Review, 28: 275-296.
    • (2003) Academy of Management Review , vol.28 , pp. 275-296
    • Peng, M.1
  • 32
    • 13444276200 scopus 로고    scopus 로고
    • What determines the scope of the firm over time? A focus on institutional relatedness
    • Peng, M. W., Lee, S. H., & Wang, D. Y. 2005. What determines the scope of the firm over time? A focus on institutional relatedness. Academy of Management Review, 30: 622-633.
    • (2005) Academy of Management Review , vol.30 , pp. 622-633
    • Peng, M.W.1    Lee, S.H.2    Wang, D.Y.3
  • 33
    • 0034339578 scopus 로고    scopus 로고
    • Managerial ties and firm performance in a transition economy: The nature of a micro-macro link
    • Peng, M. W., & Luo, Y. 2000. Managerial ties and firm performance in a transition economy: The nature of a micro-macro link. Academy of Management Journal, 43: 486-501.
    • (2000) Academy of Management Journal , vol.43 , pp. 486-501
    • Peng, M.W.1    Luo, Y.2
  • 35
    • 84989113324 scopus 로고
    • The cornerstones of competitive advantage: A resource-based view
    • Peteraf, M. A. 1993. The cornerstones of competitive advantage: A resource-based view. Strategic Management Journal, 14: 179-191.
    • (1993) Strategic Management Journal , vol.14 , pp. 179-191
    • Peteraf, M.A.1
  • 36
    • 0003806577 scopus 로고
    • Garden City, NY: Double-day Anchor
    • Polanyi, M. 1967. The tacit dimension. Garden City, NY: Double-day Anchor.
    • (1967) The Tacit Dimension
    • Polanyi, M.1
  • 37
    • 0035529252 scopus 로고    scopus 로고
    • Is the resource-based 'view' a useful perspective for strategic management research?
    • Priem, R. L., & Butler, J. E. 2001. Is the resource-based 'view' a useful perspective for strategic management research?. Academy of Management Review, 26: 22-40.
    • (2001) Academy of Management Review , vol.26 , pp. 22-40
    • Priem, R.L.1    Butler, J.E.2
  • 38
    • 0002965561 scopus 로고    scopus 로고
    • Federalism as a commitment to preserving market incentives
    • Qian, Y., & Weingast, B. R. 1997. Federalism as a commitment to preserving market incentives. Journal of Economic Perspectives, 11: 83-92.
    • (1997) Journal of Economic Perspectives , vol.11 , pp. 83-92
    • Qian, Y.1    Weingast, B.R.2
  • 39
    • 84989135219 scopus 로고
    • Diversification strategy and profitability
    • Rumelt, R. P. 1982. Diversification strategy and profitability. Strategic Management Journal, 3: 359-369.
    • (1982) Strategic Management Journal , vol.3 , pp. 359-369
    • Rumelt, R.P.1
  • 41
    • 79952346399 scopus 로고    scopus 로고
    • The effects of business and political ties on firm performance: Evidence from China
    • Sheng, S., Zhou, K. Z., & Li, J. J. 2011. The effects of business and political ties on firm performance: Evidence from China. Journal of Marketing., 75: 1-15.
    • (2011) Journal of Marketing. , vol.75 , pp. 1-15
    • Sheng, S.1    Zhou, K.Z.2    Li, J.J.3
  • 43
    • 20444397456 scopus 로고    scopus 로고
    • Can guanxi be a source of sustained competitive advantage for doing business in China?
    • Tsang, E. W. K. 1998. Can guanxi be a source of sustained competitive advantage for doing business in China?. Academy of Management Executive, 12: 64-73.
    • (1998) Academy of Management Executive , vol.12 , pp. 64-73
    • Tsang, E.W.K.1
  • 44
    • 13444261211 scopus 로고    scopus 로고
    • Country resource environments, firm capabilities, and corporate diversification strategies
    • Wan, W. P. 2005a. Country resource environments, firm capabilities, and corporate diversification strategies. Journal Management Studies, 42: 161-182.
    • (2005) Journal Management Studies , vol.42 , pp. 161-182
    • Wan, W.P.1
  • 45
    • 13444261211 scopus 로고    scopus 로고
    • Country resource environments, corporate diversification strategies
    • Wan, W. P. 2005b. Country resource environments, corporate diversification strategies. Journal of Management Studies, 42: 161-182.
    • (2005) Journal of Management Studies , vol.42 , pp. 161-182
    • Wan, W.P.1
  • 46
    • 0037298038 scopus 로고    scopus 로고
    • Home country environments, corporate diversification strategies, and firm performance
    • Wan, W. P., & Hoskisson, R. E. 2003. Home country environments, corporate diversification strategies, and firm performance. Academy of Management Journal, 46: 27-45.
    • (2003) Academy of Management Journal , vol.46 , pp. 27-45
    • Wan, W.P.1    Hoskisson, R.E.2
  • 47
    • 84865430853 scopus 로고    scopus 로고
    • Resource-based theory and corporate diversification: Accomplishments and opportunities
    • Forthcoming
    • Wan, W. P., Hoskisson, R. E., Short, J. C., & Yiu, D. 2010. Resource-based theory and corporate diversification: Accomplishments and opportunities. Journal of Management. Forthcoming.
    • (2010) Journal of Management
    • Wan, W.P.1    Hoskisson, R.E.2    Short, J.C.3    Yiu, D.4
  • 48
    • 84865417699 scopus 로고    scopus 로고
    • Corporate philanthropy and corporate financial performance: The roles of stakeholders response and political access
    • Forthcoming
    • Wang, H., & Qian, C. 2010. Corporate philanthropy and corporate financial performance: The roles of stakeholders response and political access. Academy of Management Journal. Forthcoming.
    • (2010) Academy of Management Journal
    • Wang, H.1    Qian, C.2
  • 49
    • 0001800097 scopus 로고
    • Top management team demography and corporate strategy change
    • Wierseman, M. F., & Bantel, K. A. 1992. Top management team demography and corporate strategy change. Academy of Management Journal, 35: 91-121.
    • (1992) Academy of Management Journal , vol.35 , pp. 91-121
    • Wierseman, M.F.1    Bantel, K.A.2
  • 50
    • 0030300587 scopus 로고    scopus 로고
    • Guanxi: connections as substitutes for formal institutional support
    • Xin, K. R., & Pearce, J. L. 1996. Guanxi: Connections as substitutes for formal institutional support. Academy of Management Journal, 39: 1641-1658.
    • (1996) Academy of Management Journal , vol.39 , pp. 1641-1658
    • Xin, K.R.1    Pearce, J.L.2
  • 51
    • 13444301413 scopus 로고    scopus 로고
    • Understanding business group performance in an emerging economy: acquiring resources and capabilities in order to prosper
    • Yiu, D. W., Bruton, G., & Lu, Y. 2005. Understanding business group performance in an emerging economy: Acquiring resources and capabilities in order to prosper. Journal of Management Studies, 42: 183-206.
    • (2005) Journal of Management Studies , vol.42 , pp. 183-206
    • Yiu, D.W.1    Bruton, G.2    Lu, Y.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.