Ownership structure, contingent-fit, and business-unit performance: A research model and empirical evidence |
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Authors: | Johnny Jermias Lindawati Gani |
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Affiliation: | a Faculty of Business Administration, Simon Fraser University, Burnaby, British Columbia, Canada V5A 1S6 b School of Accountancy, Faculty of Economics, University of Indonesia, Jakarta, Indonesia |
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Abstract: | This study investigates the influence of contingent-fit on the relationship between ownership structure and business-unit performance. We predict that contingent-fit between business strategy and its contextual variables will have a positive relationship with business-unit performance. We also predict that widely-held companies will perform better than their closely-held counterparts but that the magnitude of the performance differential will decrease with the increasing level of contingent-fit.Overall, the results are consistent with our predictions. We found that contingent-fit is positively related to business-unit performance and widely-held business-units perform better than their closely-held counterparts. The performance advantage, however, was mitigated by the level of contingent-fit. |
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Keywords: | Ownership structure Strategic orientation Contingency theory Business-unit performance |
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