%0 Journal Article
%T The postentry performance of business groups¡¯ new venture affiliates
%A Bernard Gan
%A Chengli Tien
%A Chien-Nan Chen
%J Australian Journal of Management
%@ 1327-2020
%D 2019
%R 10.1177/0312896218792965
%X Using resource dependence theory, this study examines the determinants of firm performance among business groups¡¯ new venture affiliates using a sample of 1512 new venture affiliates associated with 104 large-sized business groups in Taiwan. The empirical findings reveal that improved affiliate postentry performance is linked to the relative size of a business group¡¯s new venture affiliate and the level of autonomy inherent in decision-making. Furthermore, when the product market of a new venture affiliate is resource-related to its affiliated business group¡¯s main business, this affiliate may benefit from resource relatedness with an improved return on equity. JEL Classification: M10, M16, M3
%K Business group affiliate
%K new venture
%K postentry performance
%K resource dependence
%U https://journals.sagepub.com/doi/full/10.1177/0312896218792965