Antecedents of Subsidiary's Embeddedness from the Perspective of Whole Network
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 net-work characteristics at different levels of business group network on subsidiary's embeddedness is an-alyzed 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 busi-ness group network,and the status of subsidiaries in industry is positively correlated with their em-beddedness 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 bus-iness groups,the group size,and industry overlap have increased subsidiaries'embeddedness.
subsidiary's embeddednessbusiness group's networkantecedent of embedded-nesswhole network
NETL
NSTL
万方数据
