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

被引：97

作者：

Li, Weiwen ^{[2
]}

He, Ai ^{[1
]}

Lan, Hailin ^{[3
]}

Yiu, Daphne ^{[4
]}

机构：

[1] S China Univ Technol, Sch Econ & Commerce, Guangzhou, Guangdong, Peoples R China

[2] Sun Yat Sen Business Sch, Dept Business Adm, Guangzhou, Guangdong, Peoples R China

[3] S China Univ Technol, Sch Business Adm, Guangzhou, Guangdong, Peoples R China

[4] Chinese Univ Hong Kong, Dept Management, Hong Kong, Hong Kong, Peoples R China

来源：

ASIA PACIFIC JOURNAL OF MANAGEMENT | 2012年 / 29卷 / 03期

基金：

中国国家自然科学基金;

关键词：

Corporate diversification; Resource-based view; Political connections; Emerging economy; RESOURCE-BASED VIEW; FIRM PERFORMANCE; MANAGERIAL TIES; STRATEGIES; TRANSITION; BUSINESS; ENVIRONMENTS; CAPABILITIES; POSITION; SCOPE;

D O I：

10.1007/s10490-011-9265-5

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

Drawing upon the resource-based view, this study examines how political connections affect corporate diversification in an emerging economy. Data from a sample of 1,280 Chinese public firms over 2002-2005 show a strong positive relationship between political connections and corporate diversification. We also find that the positive relationship between political connections and corporate diversification is moderated by the level of state ownership in firms and the level of regional institutional development. Theoretical and managerial implications are discussed.

引用

页码：799 / 818

页数：20

共 51 条

[31] Foreign investment strategies and sub-national institutions in emerging markets: Evidence from Vietnam [J].

Meyer, KE ;

Nguyen, HV .

JOURNAL OF MANAGEMENT STUDIES, 2005, 42 (01) :63-93

[32] DIVERSIFICATION, RICARDIAN RENTS, AND TOBIN-Q [J].

MONTGOMERY, CA ;

WERNERFELT, B .

RAND JOURNAL OF ECONOMICS, 1988, 19 (04) :623-632

[33] ORGANIZATIONAL DYNAMICS OF MARKET TRANSITION - HYBRID FORMS, PROPERTY-RIGHTS, AND MIXED ECONOMY IN CHINA [J].

NEE, V .

ADMINISTRATIVE SCIENCE QUARTERLY, 1992, 37 (01) :1-27

[34] DIVERSIFICATION STRATEGY, PROFIT PERFORMANCE AND THE ENTROPY MEASURE [J].

PALEPU, K .

STRATEGIC MANAGEMENT JOURNAL, 1985, 6 (03) :239-255

[35] Institutional transitions and strategic choices [J].

Peng, MW .

ACADEMY OF MANAGEMENT REVIEW, 2003, 28 (02) :275-296

[36]

Peng MW, 2005, ACAD MANAGE REV, V30, P622, DOI 10.2307/20159148

[37] Managerial ties and firm performance in a transition economy: The nature of a micro-macro link [J].

Peng, MW ;

Luo, YD .

ACADEMY OF MANAGEMENT JOURNAL, 2000, 43 (03) :486-501

[38]

Penrose E. T., 1959, The theory of the growth of the firm

[39] THE CORNERSTONES OF COMPETITIVE ADVANTAGE - A RESOURCE-BASED VIEW [J].

PETERAF, MA .

STRATEGIC MANAGEMENT JOURNAL, 1993, 14 (03) :179-191

[40]

Polanyi Michael., 1967, The Tacit Dimension, Anchor book

← 1 2 3 4 5 6 →