Knowledge-Based Assets in Business Groups: A Dynamic Capabilities View of Complementarity and Rents

IF 9.3 1区管理学 Q1 BUSINESS

Journal of Management Pub Date : 2025-04-10 DOI:10.1177/01492063251323849

Murod Aliyev, Jeoung Yul Lee

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引用次数: 0

Abstract

We extend the business group (BG) literature by combining the knowledge-based perspective and the dynamic capabilities view to explain the benefits of group affiliation. In the BG context, group affiliates can use not only their own firm-level knowledge-based assets (KBAs), but also group-level KBAs. While prior research examines the efficiencies of BG affiliation by comparing BG affiliates to non-affiliated firms, we ask to what extent affiliate-specific rents from group-level KBAs vary among affiliate firms and why. To explain this variation, we identify affiliate-specific rents generated by the complementarity between firm- and group-level KBAs. Drawing from the dynamic capabilities view, we developed a framework to explain the sources of such complementarity and tested a series of hypotheses. This study provides empirical evidence using firm-level data on 524 affiliates of keiretsu groups in Japan from 1985 to 2015. To measure KBAs and their characteristics, we use data on 11.5 million patents matched to the sample firms. This study provides a knowledge-based perspective to explain BG affiliation benefits and the persistence of BGs as an organizational form of economic activity.

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来源期刊

Journal of Management Multiple-

CiteScore

22.40

自引率

5.20%

发文量

期刊介绍： The Journal of Management (JOM) aims to publish rigorous empirical and theoretical research articles that significantly contribute to the field of management. It is particularly interested in papers that have a strong impact on the overall management discipline. JOM also encourages the submission of novel ideas and fresh perspectives on existing research. The journal covers a wide range of areas, including business strategy and policy, organizational behavior, human resource management, organizational theory, entrepreneurship, and research methods. It provides a platform for scholars to present their work on these topics and fosters intellectual discussion and exchange in these areas.