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Antecedents of firm performance in emerging economies: Business groups, strategy, industry structure, and state support
Linköping University, Department of Management and Engineering, Project Innovations and Entrepreneurship. Linköping University, The Institute of Technology.ORCID iD: 0000-0002-3863-1073
Linköping University, Department of Management and Engineering, Project Innovations and Entrepreneurship. Linköping University, The Institute of Technology.ORCID iD: 0000-0002-4233-5138
2014 (English)In: Journal of Business Research, ISSN 0148-2963, E-ISSN 1873-7978, Vol. 67, no 10, 2212-2223 p.Article in journal (Refereed) Published
Abstract [en]

A rich literature has investigated the antecedents of firm performance in developed economies, resulting in a consensus view that firm resources and strategy are the key determinants. Several arguments, however, suggest that in emerging economies other factors are more important for firm performance. This study analyzes the impact of firm strategy and industry structure as well as business group membership and state support on firm performance in an advanced emerging economy, Turkey. Using a data set compiled from a selection of the 1000 largest manufacturing firms in this country, the study employs several regression models to identify the main determinants of firm performance as measured by productivity and net profit margin. In contrast to studies of developed economies, the investigation finds that firm-related factors (competitive strategies) do not significantly influence performance; instead factors related to industry structure and business group membership are the strongest determinants of firm performance; further, state support interacts with business group membership and is positively related to productivity.

Place, publisher, year, edition, pages
Elsevier, 2014. Vol. 67, no 10, 2212-2223 p.
National Category
Business Administration
Identifiers
URN: urn:nbn:se:liu:diva-105723DOI: 10.1016/j.jbusres.2014.01.004ISI: 000340220100021OAI: oai:DiVA.org:liu-105723DiVA: diva2:709888
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Cerbof
Available from: 2014-04-03 Created: 2014-04-03 Last updated: 2017-12-05

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Karabag, Solmaz FilizBerggren, Christian

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
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  • Other style
More styles
Language
  • de-DE
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  • sv-SE
  • Other locale
More languages
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