The impact of business group affiliation on performance: evidence from China's ‘national champions’

Guest, P.; Sutherland, D.

Abstract

An important aspect of China's economic reforms has been an ambitious policy to develop 100 or so large, internationally competitive business groups. Very little is known about these national champion groups or the benefits to subsidiary firms of belonging to them. This study, building from insights and methods used in existing literature, examines the performance of subsidiaries affiliated to China's national champion groups. Our results find that they perform comparatively well. We discuss possible reasons for this finding and comment more generally on the important role that business groups now play in China's reform and development.

Citation

Guest, P., & Sutherland, D. (2010). The impact of business group affiliation on performance: evidence from China's ‘national champions’. Cambridge Journal of Economics, 34(4), 617-631. https://doi.org/10.1093/cje/bep017

• Journal Article Type: Article
• Publication Date: Jul 1, 2010
• Deposit Date: Oct 21, 2011
• Journal: Cambridge Journal of Economics
• Print ISSN: 0309-166X
• Electronic ISSN: 1464-3545
• Publisher: Oxford University Press
• Peer Reviewed: Peer Reviewed
• Volume: 34
• Issue: 4
• Pages: 617-631
• DOI: https://doi.org/10.1093/cje/bep017
• Keywords: Business groups, National champions, Subsidiary performance, Enterprise reforms, Ownership, Economic transition.
• Public URL: https://durham-repository.worktribe.com/output/1526362