|
|
|
| Antecedents of Subsidiary’s Embeddedness from the Perspective of Whole Network |
| ZHAO Yuejiao，ZHANG Guanglei |
| 1. Beijing JiaoTong University, Beijing, China; 2. Wuhan University of Technology, Wuhan, China |
|
|
|
|
Abstract From the perspective of whole network in social network theory, each business group in this study is regarded as a holistic network. The impact of external factors, internal factors, and network characteristics at different levels of business group network on subsidiary’s embeddedness is analyzed using business groups with multiple listed subsidiaries as samples. The results show that the embeddedness of subsidiaries in local market is negatively correlated with their embeddedness in business group network, and the status of subsidiaries in industry is positively correlated with their embeddedness in business group. The stronger the profitability of subsidiaries compared to other member firms, the deeper their embedding in the business group network. The centralized management of business groups，the group size, and industry overlap have increased subsidiaries’ embeddedness.
|
|
Received: 08 November 2023
|
|
|
|
|
|
|
