Symbiotic ownership, cultural alignment, and firm performance: A test among international strategic alliances

Ji LI, Chris W.L. Chu, Xinran Wang, Hong Zhu, Guiyao Tang*, Amy Y Y CHEN

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

Abstract

Based on a sample of 61 international firms in China with industry symbiosis, we examine the effects of cultural alignment on firm performance. We first predict that symbiosis will have a negative effect on firm performance. After that, focusing on the most dimension of culture, i.e., collectivism/individualism, we also predict that in a society with a high collectivistic value, organizational collectivism will be positively correlated with firm performance because of its alignment with the prevailing societal culture. Finally, we predict that this cultural value should have a moderating effect on the relationship between symbiosis and performance. Data are collected from multiple sources to test these predictions. The results of the data analyses show the benefits of building a collectivistic organizational culture for firms with a high level of industry symbiosis.

Original languageEnglish
Pages (from-to)987-997
Number of pages11
JournalInternational Business Review
Volume21
Issue number6
DOIs
Publication statusPublished - Dec 2012

Scopus Subject Areas

  • Business and International Management
  • Finance
  • Marketing

User-Defined Keywords

  • Firm performance
  • Industry symbiosis
  • Insurance industry
  • Multinational enterprises
  • Organizational culture

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