While many scholars have examined the business group affiliation–performance relationship, very few have examined the role that industry and diversification (related versus unrelated) strategy plays in this focal relationship (Carney et al., 2011). I provide empirical evidence that the...

Does Dunning’s Ownership–Location–Internalization (OLI) framework explain the internationalization of business groups in emerging economies? I argue that business groups do not have traditional ‘firm specific advantages’ (FSAs) that the OLI framework talks...

We extend agency theory to propose that structural reform positively impacts firm profitability in developing countries because the improvements in external monitoring that accompany structural reform decrease the agency costs faced by firms. However, we also argue that not all firms benefit...

We analyze the impact of structural reform on firm exports. We argue that structural reform generates new opportunities and reduces transaction costs, inducing firms to improve their efficiency and competitiveness to international levels and, therefore, helps them to export. However, we propose...

Building on economic geography and knowledge-based theory, I argue that pro-market reforms augment the profitability of firms by increasing their competitiveness and market knowledge. However, I propose that this effect is greater for firms that operate internationally, firms that operate in...

We apply organizational identity theory to examine factors that lead family firms to create a family firm image and investigate how a family firm image impacts firm performance. We find that family firm pride, community social ties, and long-term orientation are positively associated with the...

Emerging ventures rarely have the resources they need, which often force them to reach beyond their boundaries to access these resources. While the field has acknowledged how critical external relationships are in the emergence process, we lack an understanding of how these relationships evolve....