A Study on Impacts of Internationalization of Group Affiliated Firms on Innovation Performance f rom a Combination Perspective of Absorptive Capacities and Institutional Legitimacy
The phenomenon of business groups is a common in emerging markets .Based on innovation theories ,this paper analyzes the influencing mechanism of the absorptive capacities ,institutional legitimacy on innovation performance of busi‐ness groups .It finds that the absorptive capacities positively moderates the relationship between the degree of internation‐alization of firms and their innovation performance .A firm's business group affiliation weakens the promotion of the degree of internationalization on the innovation performance .However ,pursuing institutional legitimacy slows down thus negative effects of business groups .
Group Affiliated FirmsInternationalizationInnovation PerformanceAbsorptive CapacitiesInstitutional Legitimacy