Centralization of intragroup equity ties and performance of business group affiliates

Strategic Management Journal, pp. 1082-1100, 2017.

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Abstract:

Research summary: Although prior research has suggested that equity ties are important for business groups, less attention has been paid to the specific mechanisms through which equity ties create value. We develop a framework that specifies how centralization of intragroup equity ties affects the performance of group affiliates. We use t...More

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