A resource dependence perspective on the business group effect in developed markets: Evidence from Western European firms

IF 3.4 3区 管理学 Q2 MANAGEMENT European Management Review Pub Date : 2024-07-17 DOI:10.1111/emre.12664
Timo Sohl, Anaïs Hamelin, Markus A. Fitza
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Abstract

Recent research shows that business groups matter in developed institutional settings. However, little is known about why business groups influence affiliate performance in such environments. Using a resource dependence lens, we explain how the business group effect may be contingent on a firm's industry environment. Consistent with a resource dependence perspective, our variance decomposition analysis of 3,733 firms in Western Europe (2006–2021) shows that the business group effect is significantly larger in less munificent and more complex industry environments. However, contrary to this perspective, our results also reveal that business groups matter more in less dynamic industry environments. Overall, by examining the importance of the industry environment in explaining how much business groups matter, this paper contributes to a more nuanced understanding of the business group effect in developed markets and provides several directions for future research in this domain.
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从资源依赖角度看发达市场的企业集团效应:来自西欧企业的证据
最近的研究表明,在发达的制度环境中,企业集团很重要。然而,人们对企业集团在这种环境下影响关联公司业绩的原因知之甚少。我们从资源依赖的角度解释了企业集团效应如何取决于企业所处的行业环境。与资源依赖的观点一致,我们对西欧 3,733 家企业(2006-2021 年)的方差分解分析表明,在不太富裕和更复杂的行业环境中,企业集团效应明显更大。然而,与这一观点相反,我们的结果还显示,在活力较弱的行业环境中,企业集团的作用更大。总之,通过研究行业环境在解释企业集团重要性方面的重要性,本文有助于更细致地理解发达市场中的企业集团效应,并为该领域的未来研究提供了几个方向。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
7.20
自引率
13.50%
发文量
52
期刊介绍: The European Management Review is an international journal dedicated to advancing the understanding of management in private and public sector organizations through empirical investigation and theoretical analysis. The European Management Review provides an international forum for dialogue between researchers, thereby improving the understanding of the nature of management in different settings and promoting the transfer of research results to management practice. Although one of the European Management Review"s aims is to foster the general advancement of management scholarship among European scholars and/or those academics interested in European management issues.
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