Ownership identity, strategy and performance: Business group affiliates versus independent firms in India
研究了创业导向对企业绩效的影响是否受公司是否隶属于商业集团的调节，发现集团附属公司的风险承担能提升绩效，但前瞻性行为的促进作用较弱。
We consider whether the impact of entrepreneurial orientation on business performance is moderated by the company affiliation with business groups. Within business groups, we explore the trade-off between inter-firm insurance that enables risk-taking, and inefficient resource allocation. Risk-taking in group affiliated firms leads to higher performance, compared to independent firms, but the impact of proactivity is attenuated. Utilizing Indian data, we show that risk-taking may undermine rather than improve business performance, but this effect is not present in business groups. Proactivity enhances performance, but less so in business groups. Firms can also enhance performance by technological knowledge acquisition, but these effects are not significantly different for various ownership categories.