Citation:
Paul Guest and Dylan Sutherland, The impact of business group affiliation on performance: evidence from China's
'national champions', Cambridge Journal of Economics, 2010, Volume 34, Issue 4, Pages 617-631.
Abstract:
An important aspect of China's economic reforms has been an ambitious policy to
develop 100 or so large, internationally competitive business groups. Very
little is known about these national champion groups or the benefits to
subsidiary firms of belonging to them. This study, building from insights and
methods used in existing literature, examines the performance of subsidiaries
affiliated to China's national champion groups. Our results find that they
perform comparatively well. We discuss possible reasons for this finding and
comment more generally on the important role that business groups now play in
China's reform and development.
