Asset Restructuring and Business Group Affiliation in French Civil Law Countries  

Oleh:

Hoskisson, Robert E. ; Cannella, Albert A., [Jr.] ; Tihanyi, Laszlo ; Faraci, Rosario

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 25 no. 6 (Jun. 2004), page 525-540.
Topik: assets; asset restructuring; business groups; institutional context; legal systems

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.15 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

We examine the relationship of environmental antecedents to asset restructuring in nine french civil law countries in latin america and europe. In these countries, business group affiliation helps member firms to access resources, take advantage of environmental opprotunities and neutralize threats. Results indicated that environmental antecedents, such as change in country development, increased competition and deregulation led to increased asset restructuring. More importnatly, however, we also found that the influence of environmental factors was moderated by business group membership. The relationship between change in country development and restructuring was stronger for group - affiliated firms and the effects of increased competition and deregulation on asset restructuring were stronger for primarily independent firms. Our study offers addititonal evidence that organizations may respond differently to environmental opportunities and threats depending on the institutional setting.

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