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| Author: | Chacar, A. Vissa, B. |
| Title: | Are emerging economies less efficient? Performance persistence and the impact of business group affiliation |
| Journal: | Strategic Management Journal
2006 : OCT, VOL. 26:10, p. 933 946 |
| Index terms: | USA India transition economies |
| Freeterms: | performance |
| Language: | eng |
| Abstract: | In the article the revisionist and accepted views on company performances persistence in emerging economies are combined. Data was gathered among Indian and American manufacturing firms, and it shows how the revisionist argument has a point; superior company performance in emerging economies persists only as much as developed economies. The results also provide support for the accepted view, which argues that poor company performance continues longer in emerging economies than in developed economies. Further, contrary to the arguments of existing literature, the companies that operate as a part of a MNC or a business group seem to have a greater persistence of poor performance that companies that operate without this kind of intermediate governance structure. |
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