Department of Management
Symbiotic ownership, cultural alignment, and firm performance: A test among international strategic alliances
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. © 2012 Published by Elsevier Ltd.
Firm performance, Industry symbiosis, Insurance industry, Multinational enterprises, Organizational culture
Source Publication Title
International Business Review
Link to Publisher's Edition
Li, J., Chu, C., Wang, X., Zhu, H., Tang, G., & Chen, Y. (2012). Symbiotic ownership, cultural alignment, and firm performance: A test among international strategic alliances. International Business Review, 21 (6), 987-997. https://doi.org/10.1016/j.ibusrev.2011.11.004