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Political linkages, diversification strategy, and performance in large financial family business groups

The study aims to analyze the impact of political linkage on diversification strategy and firm performance. Previous studies indicate that firm¡¦s political linkages will generate performance impact in emerging economies. However, whether firm¡¦s political linkages will generate performance implications are underestimated. By utilizing
longitudinal data in financial family business groups in Taiwan, this study tries to examine the relationships among political linkages, diversification strategy, and family business group¡¦s performance from the social capital viewpoint. The results indicate that in the current database, the higher level of formal political linkages, the higher degree of diversification in family business groups. Moreover, diversification strategy will
generate mediated impact on the relationship between formal political linkages and performance in family business groups. In that, the consideration of diversification will lower the performance implications by formal political linkage in family business
groups. The family business group¡¦s formal political linkageswill generate distinctive impact on diversification strategy and performance in emerging economies. The results provide referable value in addressing political linkages issues in family business groups in Asia.

Identiferoai:union.ndltd.org:NSYSU/oai:NSYSU:etd-0711112-175906
Date11 July 2012
CreatorsChang, Nai-Chung
ContributorsCher-Min Fong, Kuang S. Yeh, Huei Yun Yu, Hsi-Mei Chung
PublisherNSYSU
Source SetsNSYSU Electronic Thesis and Dissertation Archive
LanguageCholon
Detected LanguageEnglish
Typetext
Formatapplication/pdf
Sourcehttp://etd.lib.nsysu.edu.tw/ETD-db/ETD-search/view_etd?URN=etd-0711112-175906
Rightsuser_define, Copyright information available at source archive

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