Business Groups, Internationalization and Institutional Change: Evidence from India

Vikas Kumar, Tamara Stucchi, Sumit K. Kundu

    Publikation: Bidrag til bog/antologi/rapportKonferenceabstrakt i proceedingsForskningpeer review

    Resumé

    Business group affiliation is an important determinant of firm economic performance in the context of emerging economies. However, relationship between business group affiliation and internationalization of firms remains
    unclear. In the context of internationalizing emerging economy firms, many of which are affiliates of larger business groups, the question of whether such an affiliation serves as a boon or bane in firm internationalization is one of critical importance. We argue that institutional changes play an important role in shaping the relationship between business group affiliation and the degree of internationalization. Our results, based on empirical analysis of Indian firm data, indicate a negative relationship between business group affiliation and
    the degree of internationalization during the initial period of major institutional change. In the latter period with greater institutional stability, the negative relationship fades away. Our findings imply that advantages of business group affiliation are location bound and do not easily confer to international operations. Also, business group firms are slower than unaffiliated firms to adapt to a new institutional environment in times of significant institutional changes.
    OriginalsprogEngelsk
    TitelProceedings of the 54rd Annual Meeting of the Academy of International Business
    RedaktørerSusan Feinberg, Tunga Kiyak
    Udgivelses stedEast Lansing, MI
    ForlagAcademy of International Business
    Publikationsdato2012
    Sider63
    StatusUdgivet - 2012
    BegivenhedAIB 2012 Annual Meeting: Rethinking the Roles of Business, Government and NGOs in the Global Economy - George Washington University and University of Maryland, Washington, USA
    Varighed: 30 jun. 20123 jul. 2012
    Konferencens nummer: 54
    http://aib.msu.edu/events/2012/

    Konference

    KonferenceAIB 2012 Annual Meeting
    Nummer54
    LokationGeorge Washington University and University of Maryland
    LandUSA
    ByWashington
    Periode30/06/201203/07/2012
    Internetadresse
    NavnAcademy of International Business. Annual Meeting. Proceedings
    Vol/bind54
    ISSN2078-4430

    Citer dette

    Kumar, V., Stucchi, T., & Kundu, S. K. (2012). Business Groups, Internationalization and Institutional Change: Evidence from India. I S. Feinberg, & T. Kiyak (red.), Proceedings of the 54rd Annual Meeting of the Academy of International Business (s. 63). East Lansing, MI: Academy of International Business. Academy of International Business. Annual Meeting. Proceedings, Bind. 54
    Kumar, Vikas ; Stucchi, Tamara ; Kundu, Sumit K. . / Business Groups, Internationalization and Institutional Change : Evidence from India. Proceedings of the 54rd Annual Meeting of the Academy of International Business. red. / Susan Feinberg ; Tunga Kiyak. East Lansing, MI : Academy of International Business, 2012. s. 63 (Academy of International Business. Annual Meeting. Proceedings, Bind 54).
    @inbook{fd8463182b53404eab09cf810d2ab87c,
    title = "Business Groups, Internationalization and Institutional Change: Evidence from India",
    abstract = "Business group affiliation is an important determinant of firm economic performance in the context of emerging economies. However, relationship between business group affiliation and internationalization of firms remainsunclear. In the context of internationalizing emerging economy firms, many of which are affiliates of larger business groups, the question of whether such an affiliation serves as a boon or bane in firm internationalization is one of critical importance. We argue that institutional changes play an important role in shaping the relationship between business group affiliation and the degree of internationalization. Our results, based on empirical analysis of Indian firm data, indicate a negative relationship between business group affiliation andthe degree of internationalization during the initial period of major institutional change. In the latter period with greater institutional stability, the negative relationship fades away. Our findings imply that advantages of business group affiliation are location bound and do not easily confer to international operations. Also, business group firms are slower than unaffiliated firms to adapt to a new institutional environment in times of significant institutional changes.",
    author = "Vikas Kumar and Tamara Stucchi and Kundu, {Sumit K.}",
    year = "2012",
    language = "English",
    series = "Academy of International Business. Annual Meeting. Proceedings",
    pages = "63",
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    booktitle = "Proceedings of the 54rd Annual Meeting of the Academy of International Business",
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    Kumar, V, Stucchi, T & Kundu, SK 2012, Business Groups, Internationalization and Institutional Change: Evidence from India. i S Feinberg & T Kiyak (red), Proceedings of the 54rd Annual Meeting of the Academy of International Business. Academy of International Business, East Lansing, MI, Academy of International Business. Annual Meeting. Proceedings, bind 54, s. 63, AIB 2012 Annual Meeting, Washington, USA, 30/06/2012.

    Business Groups, Internationalization and Institutional Change : Evidence from India. / Kumar, Vikas ; Stucchi, Tamara; Kundu, Sumit K. .

    Proceedings of the 54rd Annual Meeting of the Academy of International Business. red. / Susan Feinberg; Tunga Kiyak. East Lansing, MI : Academy of International Business, 2012. s. 63 (Academy of International Business. Annual Meeting. Proceedings, Bind 54).

    Publikation: Bidrag til bog/antologi/rapportKonferenceabstrakt i proceedingsForskningpeer review

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    T1 - Business Groups, Internationalization and Institutional Change

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    AU - Kumar, Vikas

    AU - Stucchi, Tamara

    AU - Kundu, Sumit K.

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    N2 - Business group affiliation is an important determinant of firm economic performance in the context of emerging economies. However, relationship between business group affiliation and internationalization of firms remainsunclear. In the context of internationalizing emerging economy firms, many of which are affiliates of larger business groups, the question of whether such an affiliation serves as a boon or bane in firm internationalization is one of critical importance. We argue that institutional changes play an important role in shaping the relationship between business group affiliation and the degree of internationalization. Our results, based on empirical analysis of Indian firm data, indicate a negative relationship between business group affiliation andthe degree of internationalization during the initial period of major institutional change. In the latter period with greater institutional stability, the negative relationship fades away. Our findings imply that advantages of business group affiliation are location bound and do not easily confer to international operations. Also, business group firms are slower than unaffiliated firms to adapt to a new institutional environment in times of significant institutional changes.

    AB - Business group affiliation is an important determinant of firm economic performance in the context of emerging economies. However, relationship between business group affiliation and internationalization of firms remainsunclear. In the context of internationalizing emerging economy firms, many of which are affiliates of larger business groups, the question of whether such an affiliation serves as a boon or bane in firm internationalization is one of critical importance. We argue that institutional changes play an important role in shaping the relationship between business group affiliation and the degree of internationalization. Our results, based on empirical analysis of Indian firm data, indicate a negative relationship between business group affiliation andthe degree of internationalization during the initial period of major institutional change. In the latter period with greater institutional stability, the negative relationship fades away. Our findings imply that advantages of business group affiliation are location bound and do not easily confer to international operations. Also, business group firms are slower than unaffiliated firms to adapt to a new institutional environment in times of significant institutional changes.

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    Kumar V, Stucchi T, Kundu SK. Business Groups, Internationalization and Institutional Change: Evidence from India. I Feinberg S, Kiyak T, red., Proceedings of the 54rd Annual Meeting of the Academy of International Business. East Lansing, MI: Academy of International Business. 2012. s. 63. (Academy of International Business. Annual Meeting. Proceedings, Bind 54).