BazEkon - Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie

BazEkon home page

Meny główne

Autor
Jankowska Barbara (Poznań University of Economics and Business, Poland), Mroczek-Dąbrowska Katarzyna (Poznań University of Economics and Business, Poland), Gorynia Marian (Poznań University of Economics and Business, Poland), Dzikowska Marlena (Poznań University of Economics and Business, Poland)
Tytuł
Are Firms in Corporate Groups More Resilient During an Economic Crisis? Evidence from the Manufacturing Sector in Poland
Źródło
Journal of Entrepreneurship, Management and Innovation (JEMI), 2016, vol. 12, nr 4, s. 5-28, tab., bibliogr. s. 25-27
Tytuł własny numeru
Innovations in Organizational Strategies
Słowa kluczowe
Grupa kapitałowa, Kryzys gospodarczy, Efektywność, Współpraca
Capital group, Economic crisis, Effectiveness, Cooperation
Uwagi
streszcz., summ., The article came into being within a research project financed by the National Science Centre No 2012/07/B/HS4/03050;title: International competitiveness of Polish companies during periods of prosperity and the global economic crisis.
Abstrakt
Grupy kapitałowe są szczególnym przypadkiem powiązań sieciowych, które mogą stanowić źródło przewagi dla firm. Pozwalają jednostkom obniżyć koszty, tworzą dodatkowe źródła zasobów, zwiększają elastyczność operacji i odpowiedzi na turbulencje w gospodarce, co jest szczególnie istotne w czasach kryzysu gospodarczego. Istotą niniejszej publikacji jest zbadanie wpływu uczestnictwa w grupie kapitałowej na szeroko rozumianą konkurencyjność firmy. Pierwszym celem jest porównanie, czy firmy należące do grupy kapitałowej wykazywały wyższą konkurencyjność czynnikową. Po drugie weryfikujemy, czy podobna relacja była widoczna w przypadku wyników osiąganych przez te firmy. Badanie zostało zaprojektowane na podstawie pogłębionych badań literaturowych i przeprowadzone za pomocą metody CATI. W jego wyniku weryfikujemy hipotezę, że im wyższa konkurencyjność czynnikowa firmy w czasie kryzysu tym lepszą osiąga ona pozycję konkurencyjną. Badania empiryczne przeprowadzono na ponad 700 firmach sektora produkcyjnego w Polsce w czasie trwania kryzysu i krótko po jego zakończeniu. W analizie wykorzystano analizę klastrową, testy nieparametryczne i analizę korelacji. (abstrakt oryginalny)

Corporate groups are specific types of business networks that generate particular advantages for firms. They allow corporates to reduce costs, develop the pool of resources and increase the flexibility of operations and responses to external shocks among others. The above mentioned benefits are of even greater importance during times of economic turbulence. Their involvement in a corporate group should theoretically allow firms to perform better. The aim of this study is to verify whether corporate group membership truly translated into a firm's higher input competitiveness and a firm's better performance during the recent economic crisis. First, we try to investigate if the input competitiveness is higher in the case of firms being members of corporate groups. Second, we test whether the involvement in a corporate group matters for the performance of the firms. Using critical in-depth literature studies and conducting the primary empirical research using the CATI (computer-assisted telephone interviewing) method we strive to verify the following hypothesis - the higher a company's input competitiveness during the economic crisis, the better a competitive position the company achieves. The empirical research encompasses more than 700 corporates from the manufacturing sector in Poland during the global economic crisis and shortly afterwards. To investigate the issue we use the following methods of statistical analysis - cluster analysis, non-parametric tests and correlation coefficients. The results of the study show that firms involved in both Polish and international corporate groups were more resilient during the economic crisis than those which were not. (original abstract)
Pełny tekst
Pokaż
Bibliografia
Pokaż
  1. Almeida, P., & Kogut, B. (1999). Localization of knowledge and the mobility of engineers in regional networks. Management Science, 45, 905-917.
  2. Altomonte, C., & Rungi, A. (2013). Corporate groups as hierarchies of firms. Determinants of vertical integration and performance. European Central Bank Working Paper Series, 1554.
  3. Balcet, G., & Bruschieri, S. (2008). Technology Transfer, Joint Ventures and the Emergence of Indian Multinationals: The Case of the Automotive Industry. In B. Andreosso, B. O'Callaghan & B. Zolin (Eds.), Asia and Europe: Connections and Contrasts (pp. 275-302). Venezia: Ca' Foscarina.
  4. Belenzon, S., & Berkovitz, T. (2010). Innovation in Business Groups. Management Science, 56(3), 519-535.
  5. Bertrand, M., Mehta, P., & Mullainathan, S. (2002). Ferreting out tunneling: An application to Indian business groups. Quarterly Journal of Economics, 117, 121-148.
  6. Campbell, D. T., & Fiske D.W. (1959). Convergent and discriminant validation by the multitrait-multimethod matrix. Psychological Bulletin, 56(2), 81-105.
  7. Carney, M., Gedajlovic, E., Heugens, P., van Essen, M., & van Oosterhout, J. (2011). Business group affiliation, performance, context, and strategy. A meta-analysis. Academy of Management, 54(3), 437 -460.
  8. Central Statistical Office in Poland, 2010, 2011, 2012, 2013, 2014, 2015, Corporate Groups in Poland in 2009, 2010, 2011, 2012, 2013, 2014, Statistical Information and Elaborations, Warsaw.
  9. Claessens, S., Djankov, S., & Lang, L. H. P. (2000). East Asian corporations: Heroes or villains?. Discussion paper 409, World Bank, Washington, DC
  10. Colpan, A., & Hikino, T. (2010) Foundations of Business Groups: Towards an Integrated Framework. In A. Colpan, T. Hikino & J. R. Lincoln (Eds.), The Oxford Handbook of Business Groups (pp. 15-66), Oxford University Press.
  11. Duysters, G, Jacob, J., Lemmens, C., & Jintian, Y. (2009). Internationalization and Technological Catching Up of Emerging Multinationals: A Comparative Case Study of China's Haier Group. Industrial and Corporate Change, 18(2), 325-349.
  12. Dyer, J. H., & Singh, H. (1998). The relational view: Cooperative strategy and sources of interorganizational competitive advantage. Academy of Management Review, 23(4), 660-679.
  13. Dzikowska M., Gorynia M., & Jankowska B. (2015). Globalny kryzys gospodarczy - próba pomiaru efektów dla poszczególnych krajów. Ekonomista, 6, 733759.
  14. Eisenhardt, K. M., & Schoonhoven, C. (1996). Resource-based view of strategic alliance formation: Strategic and social effects in entrepreneurial firms. Organization Science, 7, 136-150.
  15. Eriksen, B., & Mikkelsen, J. (1996). Competitive advantage and the concept of core competence. In: N. J. Foss & C. Knudsen (Eds.), Towards a competence theory of the firm (pp. 54-74), London: Routledge.
  16. Estrin, S., Poukliakova, S., & Shapiro, D. (2009), The Performance Effects of Business Groups in Russia. Journal of Management Studies, 46(3), 393420.
  17. Ford, D., Gadde, L.-E., Hakansson, H., & Snehota, I. (2011). Managing Business Relationships, 3rd ed., Wiley, Chichester UK.
  18. Foss, N. J., & Eriksen, B. (1995). Competitive advantage and industry capabilities. In C. A. Montgomery (Ed.), Resource-based and evolutionary theories of the firm (pp. 43-69), Boston: Kluwer.
  19. Gourinchas, P. O., & Kose, A. M. (2011). Economic Linkages, Spillovers, and the Financial Crisis - 2. IMF Economic Review, 59(1), 1-5.
  20. Granovetter, M. (2005). Business groups and social organization. In N.J. Smelser & R. Swedberg (Eds.), The handbook of economic sociology (2nd ed., pp. 429-450). Princeton, NJ: Princeton University Press.
  21. Gulati R. (1995), Social structure and alliance formation patterns: a longitudinal analysis. Administrative Science Quarterly, 40, 619-652.
  22. Gulati, R. (1999). Network location and learning: The influence of network resources and firm capabilities on alliance formation. Strategic Management Journal, 20(5), 397-420.
  23. Gulati, R., Nohria, N., & Zaheer, A. (2000). Strategic networks. Strategic Management Journal, 21(3), 203-215.
  24. Keister, L. (2000). Chinese Business Groups: The Structure and Impact of Interim Relations during Economic Development. Oxford University Press.
  25. Khanna, T., & Yafeh, Y. (2005). Business groups and risk sharing around the world. Journal of Business, 78, 301-340.
  26. Khanna, T., & Yafeh, Y. (2007). Business groups in emerging markets: Paragons or parasites?. Journal of Economic Literature, 45, 331- 372.
  27. Khanna, T., & Rivkin, J., (1999). Estimating the Performance Ejects of Networksin Emerging Markets. Strategic Management Journal, 22, 45-74.
  28. Lavie, D. (2006). The competitive advantage of interconnected firms: An extension of the resource-based view. Academy of Management Review, 31, 638-658.
  29. Leff, N. (1978). Industrial Organization and Entrepreneurship in the Developing Countries: The Economic Groups. Economic Development and Cultural Change, 26(4), 661-675.
  30. McEvily, B., & Marcus, A. (2005). Embedded ties and the acquisition of competitive capabilities. Strategic Management Journal, 26, 1033-1055.
  31. Morck, R., Wolfenzon, D., & Yeung, B. (2005). Corporate governance, economic entrenchment and growth. Journal of Economic Literature, 43, 657-722.
  32. Perotti, E. C., & Gelfer, S. (2001). Red barons or robber barons? Governance and investment in Russian financial-industrial groups. European Economic Review, 9, 1601-1617.
  33. George, R., & Kabir, R. (2008). Heterogeneity in business groups and the corporate diversification-firm performance relationship. Journal of Business Research, 65(3), 412-420.
  34. Romanowska, M. (2011). Grupy kapitałowe w Polsce. Strategie i struktury. Polskie Wydawnictwo Ekonomiczne, Warszawa.
  35. Rumelt, R. P. (1984). Towards a strategic theory of the firm. In R. B. Lamb (Ed.), Competitive strategic management (pp. 556- 571), Englewood Cliffs, NJ: Prentice-Hall.
  36. Shan, W., Walker, G., & Kogut, B. (1994), Interfirm cooperation and startup innovation in the biotechnology industry. Strategic Management Journal, 15, 387-394.
  37. Sorensen, H. B., & Reve, T. (1998). Forming strategic alliances for asset development. Scandinavian Journal of Management, 14(3), 151 -165.
  38. Trocki, M. (2004), Grupy kapitałowe. Tworzenie i funkcjonowanie, część II. Wydawnictwo Naukowe PWN, Warszawa.
  39. Todeva, E. (2006). Business Networks. Strategy and Structure. Routledge, Oxon.
  40. Uzzi, B. (1997). Social structure and competition in interfirm networks: The paradox of embeddedness. Administrative Science Quarterly, 42 (1), 3567.
  41. Uzzi, B. (1999). Social embeddedness in the creation of financial capital. American Sociological Review, 64, 481-505.
  42. Williamson, O.E. (1975). Markets and Hierarchies: Analysis and Antitrust Implications. New York, Free Press.
  43. Williamson, O.E. (1985). The Economic Institutions of Capitalism. New York, FreePress.
  44. World Development Indicators. Retrieved from http://databank.worldbank. org/data/home.aspx
  45. Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management Journal, 5(2), 171-180.
Cytowane przez
Pokaż
ISSN
2299-7075
Język
eng
URI / DOI
http://dx.doi.org/10.7341/20161241
Udostępnij na Facebooku Udostępnij na Twitterze Udostępnij na Google+ Udostępnij na Pinterest Udostępnij na LinkedIn Wyślij znajomemu