Journal ArticleDOI
The intra business group effects of alliance network extensions
I-Fen Chen,Shao Chi Chang +1 more
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TLDR
In this paper, when a member firm forms strategic alliances with partners outside of a business group, how does the alliance influence other members in the business group? Moreover, which types of member firms are more affected than others?Abstract:
Purpose – The purpose of this paper is to better understand the influence of business group membership by exploring how actions by a member firm influence other firms in the business group. Specifically, the authors ask two questions in this study: when a member firm forms strategic alliances with partners outside of the business group, how does the alliance influence other members in the business group? Moreover, which types of member firms are more affected than others? Design/methodology/approach – The authors employ standard event-study methodology to examine the stock price responses for the focal and member firms on the announcement of an alliance. Moreover, the authors employ the cross-sectional regression analyses to test hypotheses concerning the impact of alliance, group, and firm characteristics on the cumulative abnormal returns of non-announcing members. All regressions are estimated using ordinary least squares. Findings – The results show that, on average, alliance-announcing member firms e...read more
Citations
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External growth strategies and organizational performance in emerging markets: The mediating role of inter-organizational trust
TL;DR: In this article, the effect of external growth strategies on the organizational performance of companies and the mediating role of interorganizational trust between growth strategies and organizational performance was examined, where data were collected from 240 senior managers from public listed companies in Malaysia and were analyzed using analysis of a moment structures.
Journal ArticleDOI
Strategic alliances, exploration and exploitation and their impact on innovation and new product development: the effect of knowledge sharing
TL;DR: In this paper, a questionnaire survey was developed to explore the relations between strategic alliances and innovation and new product development variables, and the results showed that there exists a positive direct influence of strategic alliances on innovation and product development, and mediating impact the exploration and exploitation by the moderating role of knowledge sharing.
Journal ArticleDOI
Spillover Effects of Capital Expenditure Announcements Within Business Groups
I-Fen Chen,Shao Chi Chang +1 more
TL;DR: In this article, the authors examined whether the group diversification and ownership structure influence intragroup spillover effects, and found that the stock price reactions of the announcing firms are positively associated with both the stock prices and the post-announcement long-term performance of their non-announcing group peers.
Journal ArticleDOI
Diversified Investment Strategy and the Operation of Internal Capital Market: The Moderating Effect of Corporate Governance Mechanism
TL;DR: It is concluded that the internal capital market plays a central role in the diversified investment strategy and improving corporate governance mechanism helps strengthen the relationship between diversification investment and the operation of theinternal capital market.
References
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Journal ArticleDOI
Social Capital in the Creation of Human Capital
TL;DR: In this paper, the concept of social capital is introduced and illustrated, its forms are described, the social structural conditions under which it arises are examined, and it is used in an analys...
Book
Multiple Regression: Testing and Interpreting Interactions
Leona S. Aiken,Stephen G. West +1 more
TL;DR: In this article, the effects of predictor scaling on the coefficients of regression equations are investigated. But, they focus mainly on the effect of predictors scaling on coefficients of regressions.
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Social Capital, Intellectual Capital, and the Organizational Advantage
Janine Nahapiet,Sumantra Ghoshal +1 more
TL;DR: In this article, the authors present a model that incorporates this overall argument in the form of a series of hypothesized relationships between different dimensions of social capital and the main mechanisms and proces.
Posted Content
Law and Finance
Rafael La Porta,Rafael La Porta,Florencio Lopez de Silanes,Florencio Lopez de Silanes,Andrei Shleifer,Andrei Shleifer,Robert W. Vishny,Robert W. Vishny +7 more
TL;DR: This paper examined legal rules covering protection of corporate shareholders and creditors, the origin of these rules, and the quality of their enforcement in 49 countries and found that common law countries generally have the best, and French civil law countries the worst, legal protections of investors.
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