Power Dependence, Diversification Strategy, and Performance in Keiretsu Member Firms  

Oleh:

Hicheon Kim ; Hoskisson, Robert E. ; Wan, William P.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 25 no. 7 (Jul. 2004), page 613-636.
Topik: strategy; keiretsu; business groups; corporate governance; dependence; product diversification; strategy; international diversification strategy

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.16 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Conceptualizing the keiretsu as a power - dependence system, we propose that benefits accruing from keiretsu affiliation differ across member firms, depending on their power in (or dependence in) the keiretsu. By integrating power with governance and internal market perpectives on group affiliation, we develop and find general suppport for the hypotheses that powerful keiretsu member firms are able to place more emphasis on growth in pursuing product and international diversification, whereas less powerful keiretsu member firms are subject to strong mnitoring and emphasize profitability. These findings provide support to the study's proposition that power - dependence relationships in a keiretsu influence member firms' appropriation of group affiliation benefits in pursuing diversification strategies.

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