Organizational ownership, competitive intensity, and firm performance: An empirical study of the Indian manufacturing sector

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Abstract

Emerging countries are using privatization as a key strategy in their drive to become free market economies. Although these ownership changes are rapidly gaining prominence, the academic literature has been equivocal about the performance benefits of private vs. state ownership. The lack of clarity in findings can be largely traced to the underspecijication of the models that prior studies have examined. Specifically, prior studies have mostly ignored the central role of competitive rivalry. This paper proposes a model that centers around the interactive, inseparable effects of ownership and competitive rivalry on firm performance. Results of the empirical examination set in India show that competitive intensity moderates the relationship between ownership and performance.

Original languageEnglish (US)
Pages (from-to)989-998
Number of pages10
JournalStrategic Management Journal
Volume22
Issue number10
DOIs
StatePublished - Oct 1 2001

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Keywords

  • Competitive intensity
  • India
  • Ownership
  • Privatization
  • Public sector firms

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management

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