Business Group Affiliation, Innovation, Internationalization, and Performance: A SemiParametric Analysis
利用英国第四次社区创新调查数据，通过半参数估计发现：加入商业集团的企业绩效更高；组织或管理创新对集团企业绩效提升更显著；联合采用多种创新比单独采用更有利；集团隶属与创新的交互作用在国际竞争企业中效果更佳。
We use firm‐level data provided by the fourth U . K . C ommunity I nnovation S urvey ( CIS 4) to investigate the relationship between business group affiliation, innovation, internationalization, and firm performance. We carry out a semiparametric estimation procedure and find that: (1) firm performance is higher for those firms that join business groups rather than for stand‐alone firms; (2) the introduction of innovation through organizational and/or managerial practices provides higher performance in business groups affiliated than in unaffiliated firms; (3) the joint adoption of innovations is more beneficial than the individual adoption; (4) the interplay between business group affiliation and innovation leads to better performance in those firms that face competition in international markets rather than in those whose product market is domestic only.