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

Guest, P.; Sutherland, D.

Authors

P. Guest



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