%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