Are Emerging Economies Less Efficient ? Performance Persistence and The Impact of Business Group Affiliation  

Oleh:

Chacar, Aya ; Vissa, Balagopal

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 26 no. 10 (Oct. 2005), page 933-946.
Topik: BUSINESS; persistence; business groups; india

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.20 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

By drawing a theoretical distinction between the persistence of superior and poor performance, we reconcile the conflicting predictions of the "revisionist" and accepted views on the persistence of firm performance in emerging economies. Using a sample of manufacturing firms in the united states and india, we show that superior firm performance in emerging economies persists only as much as developed economies in line with the revisionist argument. We also provide evidence consistent with the accepted view that poor firm performance persists longer in emerging economies compared to developed economies. Further exploration of the latter shows that contrary to predictions of extant theories, firms in emerging economies that are affiliated with on MNC or a business group have a greater persistence of poor performance than firms that are unaffiliated with these intermediate governance structures and hence would be better of operating at arm's length.

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