Does business group affiliation make firm innovation different? Evidence from Taiwan

Tsun Jui Hsieh; Yu Ju Chen; Wei Li Wu

Does business group affiliation make firm innovation different? Evidence from Taiwan

Tsun Jui Hsieh, Yu Ju Chen, Wei Li Wu

Department of Finance

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract

This paper investigates how business group affiliation affects firm innovation. Business groups have greater access than most stand-alone firms to the resources needed to trigger innovation in emerging economies. Business group affiliation provides firms with key necessary resources and facilitates affiliated firms to engage in higher-level innovative activities. However, unaffiliated firms tend to undertake relatively low order innovative projects because of their resource constraints. Such patterns of innovative activities vary from a firm's group membership. Evidence from Taiwan presented in this paper suggests that affiliated firms generate greater innovative outputs than unaffiliated firms. The findings also suggest that affiliated firms generate higher proportion of major innovation while unaffiliated firms produce more on incremental innovation. This study contributes to recent endeavours to understand the effects of business group on firm innovation.

Original language	English
Title of host publication	PICMET '10 - Portland International Center for Management of Engineering and Technology, Proceedings - Technology Management for Global Economic Growth
Pages	894-902
Number of pages	9
Publication status	Published - 2010 Nov 25
Event	Portland International Center for Management of Engineering and Technology - Technology Management for Global Economic Growth, PICMET '10 - Phuket, Thailand Duration: 2010 Jul 18 → 2010 Jul 22

Publication series

Name	PICMET '10 - Portland International Center for Management of Engineering and Technology, Proceedings - Technology Management for Global Economic Growth

Other

Other	Portland International Center for Management of Engineering and Technology - Technology Management for Global Economic Growth, PICMET '10
Country	Thailand
City	Phuket
Period	10-07-18 → 10-07-22

All Science Journal Classification (ASJC) codes

Business and International Management
Management of Technology and Innovation
Economics and Econometrics

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Hsieh, T. J., Chen, Y. J., & Wu, W. L. (2010). Does business group affiliation make firm innovation different? Evidence from Taiwan. In PICMET '10 - Portland International Center for Management of Engineering and Technology, Proceedings - Technology Management for Global Economic Growth (pp. 894-902). [5603283] (PICMET '10 - Portland International Center for Management of Engineering and Technology, Proceedings - Technology Management for Global Economic Growth).

Hsieh, Tsun Jui ; Chen, Yu Ju ; Wu, Wei Li. / Does business group affiliation make firm innovation different? Evidence from Taiwan. PICMET '10 - Portland International Center for Management of Engineering and Technology, Proceedings - Technology Management for Global Economic Growth. 2010. pp. 894-902 (PICMET '10 - Portland International Center for Management of Engineering and Technology, Proceedings - Technology Management for Global Economic Growth).

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abstract = "This paper investigates how business group affiliation affects firm innovation. Business groups have greater access than most stand-alone firms to the resources needed to trigger innovation in emerging economies. Business group affiliation provides firms with key necessary resources and facilitates affiliated firms to engage in higher-level innovative activities. However, unaffiliated firms tend to undertake relatively low order innovative projects because of their resource constraints. Such patterns of innovative activities vary from a firm's group membership. Evidence from Taiwan presented in this paper suggests that affiliated firms generate greater innovative outputs than unaffiliated firms. The findings also suggest that affiliated firms generate higher proportion of major innovation while unaffiliated firms produce more on incremental innovation. This study contributes to recent endeavours to understand the effects of business group on firm innovation.",

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Hsieh, TJ, Chen, YJ & Wu, WL 2010, Does business group affiliation make firm innovation different? Evidence from Taiwan. in PICMET '10 - Portland International Center for Management of Engineering and Technology, Proceedings - Technology Management for Global Economic Growth., 5603283, PICMET '10 - Portland International Center for Management of Engineering and Technology, Proceedings - Technology Management for Global Economic Growth, pp. 894-902, Portland International Center for Management of Engineering and Technology - Technology Management for Global Economic Growth, PICMET '10, Phuket, Thailand, 10-07-18.

Does business group affiliation make firm innovation different? Evidence from Taiwan. / Hsieh, Tsun Jui; Chen, Yu Ju; Wu, Wei Li.

PICMET '10 - Portland International Center for Management of Engineering and Technology, Proceedings - Technology Management for Global Economic Growth. 2010. p. 894-902 5603283 (PICMET '10 - Portland International Center for Management of Engineering and Technology, Proceedings - Technology Management for Global Economic Growth).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

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Hsieh TJ, Chen YJ, Wu WL. Does business group affiliation make firm innovation different? Evidence from Taiwan. In PICMET '10 - Portland International Center for Management of Engineering and Technology, Proceedings - Technology Management for Global Economic Growth. 2010. p. 894-902. 5603283. (PICMET '10 - Portland International Center for Management of Engineering and Technology, Proceedings - Technology Management for Global Economic Growth).