Organizational ownership, competitive intensity, and firm performance: an empirical study of the Indian manufacturing sector
研究了印度制造业中所有权(国有与私有)与竞争强度如何共同影响企业绩效,发现竞争强度会调节所有权与绩效的关系。
Abstract Emerging countries are using privatization as a key strategy in their drive to become free market economies. Although these ownership changes are rapidly gaining prominence, the academic literature has been equivocal about the performance benefits of private vs. state ownership. The lack of clarity in findings can be largely traced to the underspecification of the models that prior studies have examined. Specifically, prior studies have mostly ignored the central role of competitive rivalry. This paper proposes a model that centers around the interactive, inseparable effects of ownership and competitive rivalry on firm performance. Results of the empirical examination set in India show that competitive intensity moderates the relationship between ownership and performance. Copyright © 2001 John Wiley & Sons, Ltd.