메뉴 건너뛰기




Volumn 29, Issue 3, 2012, Pages 643-658

Why do business groups continue to matter? A study of market failure and performance among Indian manufacturers

Author keywords

Diversification; Economic transition; Group affiliation; India; Markets and institutions; Performance

Indexed keywords


EID: 84865433554     PISSN: 02174561     EISSN: 15729958     Source Type: Journal    
DOI: 10.1007/s10490-010-9215-7     Document Type: Article
Times cited : (29)

References (37)
  • 1
    • 0040673771 scopus 로고    scopus 로고
    • Economic reforms in India since 1991: Has gradualism worked?
    • Ahluwalia, M. S. 2002. Economic reforms in India since 1991: Has gradualism worked?. The Journal of Economic Perspectives, 16: 67-88.
    • (2002) The Journal of Economic Perspectives , vol.16 , pp. 67-88
    • Ahluwalia, M.S.1
  • 3
    • 77949811200 scopus 로고    scopus 로고
    • On improving the robustness of Asian management theories: Theoretical anchors in the era of globalization
    • Bhagat, R. S., McDevitt, A. S., & McDevitt, I. 2010. On improving the robustness of Asian management theories: Theoretical anchors in the era of globalization. Asia Pacific Journal of Management, 27(2): 179-192.
    • (2010) Asia Pacific Journal of Management , vol.27 , Issue.2 , pp. 179-192
    • Bhagat, R.S.1    McDevitt, A.S.2    McDevitt, I.3
  • 6
    • 33646188332 scopus 로고    scopus 로고
    • Strategy research and panel data: Evidence and implications
    • Certo, S. T., & Semadeni, M. 2006. Strategy research and panel data: Evidence and implications. Journal of Management, 32: 449-471.
    • (2006) Journal of Management , vol.32 , pp. 449-471
    • Certo, S.T.1    Semadeni, M.2
  • 7
    • 0036501819 scopus 로고    scopus 로고
    • How much does the business group matter in Korea?
    • Chang, S. J., & Hong, J. 2002. How much does the business group matter in Korea?. Strategic Management Journal, 23: 265-274.
    • (2002) Strategic Management Journal , vol.23 , pp. 265-274
    • Chang, S.J.1    Hong, J.2
  • 8
    • 75849116026 scopus 로고    scopus 로고
    • Asian management research needs more self-confidence: Reflection on Hofstede (2007) and beyond
    • Fang, T. 2010. Asian management research needs more self-confidence: Reflection on Hofstede (2007) and beyond. Asia Pacific Journal of Management, 27(1): 155-170.
    • (2010) Asia Pacific Journal of Management , vol.27 , Issue.1 , pp. 155-170
    • Fang, T.1
  • 9
    • 0037290354 scopus 로고    scopus 로고
    • The costs (and benefits?) of diversified business groups: The case of Korean chaebols
    • Ferris, S. P., Kim, K. A., & Kitsabunnarat, P. 2003. The costs (and benefits?) of diversified business groups: The case of Korean chaebols. Journal of Banking & Finance, 27: 251-273.
    • (2003) Journal of Banking & Finance , vol.27 , pp. 251-273
    • Ferris, S.P.1    Kim, K.A.2    Kitsabunnarat, P.3
  • 10
    • 1842731013 scopus 로고    scopus 로고
    • Facilitating development: The role of business groups
    • Fisman, R., & Khanna, T. 2004. Facilitating development: The role of business groups. World Development, 32: 609-628.
    • (2004) World Development , vol.32 , pp. 609-628
    • Fisman, R.1    Khanna, T.2
  • 11
    • 0000144671 scopus 로고
    • Business groups
    • N. J. Smelser and R. Sweberg (Eds.), Princeton, NJ: Princeton University Press
    • Granovetter, M. 1994. Business groups. In N. J. Smelser & R. Sweberg (Eds.). Handbook of economic sociology: 453-475. Princeton, NJ: Princeton University Press.
    • (1994) Handbook of Economic Sociology , pp. 453-475
    • Granovetter, M.1
  • 12
    • 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
  • 13
    • 0000250716 scopus 로고
    • Specification tests in econometrics
    • Hausman, J. A. 1978. Specification tests in econometrics. Econometrica, 46: 1251-1271.
    • (1978) Econometrica , vol.46 , pp. 1251-1271
    • Hausman, J.A.1
  • 15
    • 28144464839 scopus 로고    scopus 로고
    • Diversified business groups and corporate refocusing in emerging economies
    • Hoskisson, R. E., Johnson, R. A., Tihanyi, L., & White, R. E. 2005. Diversified business groups and corporate refocusing in emerging economies. Journal of Management, 31: 941-965.
    • (2005) Journal of Management , vol.31 , pp. 941-965
    • Hoskisson, R.E.1    Johnson, R.A.2    Tihanyi, L.3    White, R.E.4
  • 16
    • 78649415236 scopus 로고
    • Entropy measure of diversification and corporate growth
    • Jacquemin, A. P., & Berry, C. H. 1979. Entropy measure of diversification and corporate growth. Journal of Industrial Economics, 27: 359-369.
    • (1979) Journal of Industrial Economics , vol.27 , pp. 359-369
    • Jacquemin, A.P.1    Berry, C.H.2
  • 17
    • 33845637508 scopus 로고    scopus 로고
    • Effective organisational response by corporates to India's liberalisation and globalisation
    • Khandwalla, P. N. 2002. Effective organisational response by corporates to India's liberalisation and globalisation. Asia Pacific Journal of Management, 19(2-3): 423-448.
    • (2002) Asia Pacific Journal of Management , vol.19 , Issue.2-3 , pp. 423-448
    • Khandwalla, P.N.1
  • 18
    • 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(4): 41-51.
    • (1997) Harvard Business Review , vol.75 , Issue.4 , pp. 41-51
    • Khanna, T.1    Palepu, K.2
  • 19
    • 0000041775 scopus 로고    scopus 로고
    • The right way to restructure conglomerates in emerging markets
    • Khanna, T., & Palepu, K. 1999. The right way to restructure conglomerates in emerging markets. Harvard Business Review, 77(4): 125-134.
    • (1999) Harvard Business Review , vol.77 , Issue.4 , pp. 125-134
    • Khanna, T.1    Palepu, K.2
  • 20
    • 0034339386 scopus 로고    scopus 로고
    • The future of business groups in emerging markets: Long-run evidence from Chile
    • Khanna, T., & Palepu, K. 2000a. The future of business groups in emerging markets: Long-run evidence from Chile. Academy of Management Journal, 43: 268-285.
    • (2000) Academy of Management Journal , vol.43 , pp. 268-285
    • Khanna, T.1    Palepu, K.2
  • 21
    • 0000859784 scopus 로고    scopus 로고
    • Is group affiliation profitable in emerging markets? An analysis of diversified Indian business groups
    • Khanna, T., & Palepu, K. 2000b. Is group affiliation profitable in emerging markets? An analysis of diversified Indian business groups. Journal of Finance, 55: 867-892.
    • (2000) Journal of Finance , vol.55 , pp. 867-892
    • Khanna, T.1    Palepu, K.2
  • 22
    • 0001937627 scopus 로고    scopus 로고
    • Estimating the performance effects of business groups in emerging markets
    • Khanna, T., & Rivkin, J. W. 2001. Estimating the performance effects 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.W.2
  • 23
    • 13444294342 scopus 로고    scopus 로고
    • The evolution and restructuring of diversified business groups in emerging markets: The lessons from chaebols in Korea
    • Kim, H., Hoskisson, R. E., Tihanyi, L., & Hong, J. 2004. The evolution and restructuring of diversified business groups in emerging markets: The lessons from chaebols in Korea. Asia Pacific Journal of Management, 21(1-2): 25-48.
    • (2004) Asia Pacific Journal of Management , vol.21 , Issue.1-2 , pp. 25-48
    • Kim, H.1    Hoskisson, R.E.2    Tihanyi, L.3    Hong, J.4
  • 24
    • 38049160423 scopus 로고    scopus 로고
    • From diversification premium to diversification discount during institutional transitions
    • Lee, K., Peng, M. W., & Lee, K. 2008. From diversification premium to diversification discount during institutional transitions. Journal of World Business, 43: 47-65.
    • (2008) Journal of World Business , vol.43 , pp. 47-65
    • Lee, K.1    Peng, M.W.2    Lee, K.3
  • 25
    • 33846018882 scopus 로고    scopus 로고
    • Business groups and market failures: A focus on vertical and horizontal strategies
    • Li, M., Ramaswamy, K., & Petitt, B. S. P. 2006. Business groups and market failures: A focus on vertical and horizontal strategies. Asia Pacific Journal of Management, 23(4): 439-452.
    • (2006) Asia Pacific Journal of Management , vol.23 , Issue.4 , pp. 439-452
    • Li, M.1    Ramaswamy, K.2    Petitt, B.S.P.3
  • 26
    • 68249136719 scopus 로고    scopus 로고
    • How do networks and learning drive M&As? An institutional comparison between China and the United States
    • Lin, Z., Peng, M. W., Yang, H., & Sun, S. 2009. How do networks and learning drive M&As? An institutional comparison between China and the United States. Strategic Management Journal, 30: 1113-1132.
    • (2009) Strategic Management Journal , vol.30 , pp. 1113-1132
    • Lin, Z.1    Peng, M.W.2    Yang, H.3    Sun, S.4
  • 27
    • 32844466656 scopus 로고    scopus 로고
    • Keeping it all in the family: The role of particularistic relationships in business group performance during institutional transition
    • Luo, X., & Chung, C.-N. 2005. Keeping it all in the family: The role of particularistic relationships in business group performance during institutional transition. Administrative Science Quarterly, 50: 404-439.
    • (2005) Administrative Science Quarterly , vol.50 , pp. 404-439
    • Luo, X.1    Chung, C.-N.2
  • 28
    • 0037349290 scopus 로고    scopus 로고
    • Corporate diversification and shareholder value: A survey of recent literature
    • Martin, J. D., & Sayrak, A. 2003. Corporate diversification and shareholder value: A survey of recent literature. Journal of Corporate Finance, 9: 37-57.
    • (2003) Journal of Corporate Finance , vol.9 , pp. 37-57
    • Martin, J.D.1    Sayrak, A.2
  • 30
    • 0001487363 scopus 로고    scopus 로고
    • Curvilinearity in the diversification-performance linkage: An examination of over three decades of research
    • Palich, L. E., Cardinal, L. B., & Miller, C. C. 2000. Curvilinearity in the diversification-performance linkage: An examination of over three decades of research. Strategic Management Journal, 21: 155-174.
    • (2000) Strategic Management Journal , vol.21 , pp. 155-174
    • Palich, L.E.1    Cardinal, L.B.2    Miller, C.C.3
  • 32
    • 0037394548 scopus 로고    scopus 로고
    • Institutional transitions and strategic choices
    • Peng, M. W. 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.W.1
  • 33
    • 33846008355 scopus 로고    scopus 로고
    • What determines the scope of the firm over time and around the world? An Asia Pacific perspective
    • Peng, M. W., & Delios, A. 2006. What determines the scope of the firm over time and around the world? An Asia Pacific perspective. Asia Pacific Journal of Management, 23(4): 385-405.
    • (2006) Asia Pacific Journal of Management , vol.23 , Issue.4 , pp. 385-405
    • Peng, M.W.1    Delios, A.2
  • 34
    • 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. L. 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.L.3
  • 37
    • 0000095552 scopus 로고
    • A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
    • White, H. 1980. A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica, 48: 817-838.
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.