Do Institutions Really Matter for the Relationship Between Diversification and Performance? A Meta-Analytical Approach

Phillip Christopher Nell, Marc van Essen, Dominik Wagner, Joern Block, Ettore Spadafora

    Research output: Contribution to conferencePaperResearchpeer-review

    Abstract

    Scholars have tried to explain different diversification patterns in different parts of the world through an institutions-based view of firm scope. This view’s claim is that the institutional context moderates the relationship between diversification and performance in such a way that diversification in developing and emerging markets is more profitable than in developed markets. However, empirical results are still inconclusive, it is unclear which institutional factors matter, and if institutional effects have become weaker over time. Using a meta-analytic approach based on 464 published and unpublished studies, we shed light on these issues. Our findings show that formal institutions matter more than informal ones but that their effect is becoming weaker. Thus, we contribute to the diversification literature and the institutions-based theory of firm scope.
    Original languageEnglish
    Publication date2016
    Publication statusPublished - 2016
    EventSMS Special Conference Hong Kong: Contextualizing Strategic Management in Asia: Institutions, Innovation and Internationalization - The Chinese University of Hong Kong, Hong Kong
    Duration: 10 Dec 201612 Dec 2016
    https://www.strategicmanagement.net/hong-kong/overview/overview

    Conference

    ConferenceSMS Special Conference Hong Kong
    LocationThe Chinese University of Hong Kong
    CountryHong Kong
    Period10/12/201612/12/2016
    Internet address

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    Cite this

    Nell, P. C., Essen, M. V., Wagner, D., Block, J., & Spadafora, E. (2016). Do Institutions Really Matter for the Relationship Between Diversification and Performance? A Meta-Analytical Approach. Paper presented at SMS Special Conference Hong Kong, Hong Kong.