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

  • Li, Ji
  • Chu, Chris W.L.
  • Wang, Xinran
  • Zhu, Hong
  • Tang, Guiyao
  • Chen, Yuanyi
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    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.

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    Article provided by Elsevier in its journal International Business Review.

    Volume (Year): 21 (2012)
    Issue (Month): 6 ()
    Pages: 987-997

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    Handle: RePEc:eee:iburev:v:21:y:2012:i:6:p:987-997
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