Business groups and export performance: the role of coordination failures and institutional configurations

Shapiro, Daniel, Estrin, Saul ORCID: 0000-0002-3447-8593, Carney, Michael and Liang, Steven (2024) Business groups and export performance: the role of coordination failures and institutional configurations. Journal of Management Studies, 61 (6). 2303 - 2337. ISSN 0022-2380

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Abstract

We explore the nature of business groups (BGs) and their affiliates in emerging markets through the lens of the coordination failures associated with economic development. We propose that BGs develop distinct economic and political capabilities that provide affiliates with access to the complementary resources required for successful exporting. We further argue that these capabilities are context-specific, based on the market and political institutions of the home country. We propose that the BG advantage in supporting affiliate exporting increases as market institutions strengthen but is reduced (strengthened) as political systems become more democratic (autocratic). We apply Tobit estimation methods to a large sample of firms from emerging and developing countries at different stages of institutional development and find consistent evidence in favour of our hypotheses. We develop a framework to analyse alternative BG internationalization paths in a comparative institutional context.

Item Type:	Article
Additional Information:	© 2023 Society for the Advancement of Management Studies and John Wiley & Sons Ltd
Divisions:	Management
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited:	30 May 2023 10:30
Last Modified:	18 Nov 2024 17:48
URI:	http://eprints.lse.ac.uk/id/eprint/119277

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