What determines the scope of the firm over time? A focus on institutional relatedness

• 成果类型: Article; Proceedings Paper
• 署名作者: Peng, MW; Lee, SH; Wang, DYL
• 署名单位: University System of Ohio; Ohio State University; University of Texas System; University of Texas Dallas; Chinese University of Hong Kong
• 刊物名称: ACADEMY OF MANAGEMENT REVIEW
• ISSN/ISSBN: 0363-7425
• 发表日期: 2005
• 页码: 622-633
• 关键词: business groups; diversification; performance; strategy; economies; MARKETS

摘要

What determines the scope of the firm? is one of the most fundamental questions in strategic management. We argue that, in addition to product relatedness, a focus on institutional relatedness-defined as an organization's informal linkages with dominant institutions that confer resources and legitimacy-helps answer this question. We address this question both longitudinally (firms in developed and emerging economies over time) and cross-sectionally (developed versus emerging economies), thus contributing to an institution-based theory of corporate diversification.