... of equity control. Conversely, affiliation with a business group strengthens the positive effect of equity control. On the other hand, when a Chinese MNE climbs down the institutional ladder, managing institutional void capability weakens the negative impact of equity control on performance, while business...

... of the tunneling vehicles within business groups. These conclusions hold even after segregating the sample and using the loan maturity as the dependent variable. Originality/value This study uses a unique diversification measurement based on the borrowing firm's sector or industry, relative to other group...

... Interconnected supply chain and social network Emerging market Supply chain performance Financial performance Business group Buyer firms engage in value-adding activities through purchasing of parts, materials and services from a group of suppliers (Pant et al., 2020 , 2021 ; Yu et al...