When and how does business group affiliation promote firm innovation? A tale of two emerging economies

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Using a comparative institutional perspective, we explore whether business groups' roles in facilitating affiliate firms' innovation varies by country and time period. We compare the innovativeness of firms affiliated with business groups to that of independent firms in two emerging economies: South Korea and Taiwan. On average, business group affiliates outperform independent firms in South Korea, but not in Taiwan, and in the early 1990s, but not in the late 1990s. The existence of alternative institutional infrastructures for innovation might explain these differences. Groups' abilities to share technological knowledge and financial resources among affiliates enables them to create value by promoting innovation in emerging economies, but groups' diversification might inhibit individual affiliates' innovativeness.
Publisher
INFORMS
Issue Date
2006-09
Language
English
Article Type
Article
Keywords

RESEARCH-AND-DEVELOPMENT; COUNT DATA MODELS; TECHNOLOGICAL INNOVATION; MARKETS; TAIWAN; ORGANIZATION; PERFORMANCE; ENTERPRISE; INSTITUTIONS; INDUSTRIES

Citation

ORGANIZATION SCIENCE, v.17, no.5, pp.637 - 656

ISSN
1047-7039
DOI
10.1287/orsc.1060.0202
URI
http://hdl.handle.net/10203/93125
Appears in Collection
MT-Journal Papers(저널논문)
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