WebFeb 10, 2024 · We examine how business group affiliation affects a firm's labor investment decisions. Using data from 2002 to 2014, we find that Korean business … WebJun 1, 2011 · We find that affiliation diminishes firm performance in general, but also that affiliates are comparatively better off in contexts with underdeveloped financial and labor market institutions. We also trace reduced affiliate performance to specific strategic actions taken at the firm and group levels.
Business group affiliation and foreign subsidiary performance
WebThis paper examines the relation between business group affiliation and the cost of debt capital. The co-insurance effect associated with business groups can reduce the cost of debt, while expropriation by controlling shareholders can raise the cost of debt. WebJun 3, 2024 · Business groups have been described as improving the value of the affiliated firms they control, which is often beyond the capability of standalone firms. The purpose of the current study is to… Expand 35 PDF View 2 excerpts, cites background How do group affiliates benefit from dual legitimacy to acquire resources in emerging economies? granges americas franklin tn
Business Group Performance in China: Ownership and Temporal ...
WebNov 10, 2024 · We theorize that access to a larger stock and a broad range of resources, both within the firm and through the business group network, enables affiliate firms to … WebDec 1, 2013 · Literature and anecdotal evidence suggest that group affiliation is associated with a lower cost of debt capital. Business groups reallocate resources from one … WebHypothesis 1a: Business group affiliation is positively related to a firm’s financial performance. Hypothesis 1b: Business group affiliation is negatively related to a firm’s financial performance. The Moderating Role of Institutional Context Broad agreement exists that BGs emerged as a response to underdeveloped institutions or grange school aylesbury address