Examining the performance of multibusiness strategy for business groups

Yew Kok Onn  (ZP01477)

Please use this identifier to cite or link to this item: https://ptsldigital.ukm.my/jspui/handle/123456789/513671

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DC Field	Value	Language
dc.contributor.advisor	Fazli Idris, Assoc. Prof. Dr.
dc.contributor.author	Yew Kok Onn (ZP01477)
dc.date.accessioned	2023-10-16T04:49:39Z	-
dc.date.available	2023-10-16T04:49:39Z	-
dc.date.issued	2017-06-30
dc.identifier.other	ukmvital:99221
dc.identifier.uri	https://ptsldigital.ukm.my/jspui/handle/123456789/513671	-
dc.description	Multibusiness strategy of business groups by diversifying into various unrelated sectors and industries, has baffled many scholars in strategy research, and often considered at odds with the fundamentals of the resource-based view. This study provides a novel approach of how we are able to better understand multibusiness strategy by conceptualizing the grouping of business groups known as prominent business groups; and empirically re-examining the performance based on the new groups, and with those purely based on the degrees of diversification. By conceptualizing using capability, the argument suggests that the groups depend on a set of capabilities for performance. Drawing from the insights found in the streams of literature known as network effects, and corporate political activity, the groups develop network capability and relational capability respectively, and combined with firm-specific capability of strategy research to form a unique set of capabilities. Collectively, the three capabilities are suggested to give rise to effects related to performance, of which are observable using two parameters that help delineate the groups from others: size of the groups, and their ties to the purveyors of market opportunity. In order to gain further understanding of multibusiness strategy, three independent empirical analyses were applied using two-level linear growth models of Hierarchical Linear Modelling for examining the performance arising from the newfound groups, and that purely by the degrees of diversification. The analysis for performance based on market-based measure suggests that the groups delivered an above-average result, but diversification could possibly accelerating growth on performance. Subsequent analysis for performance based on sales suggests that diversification was decelerating growth on performance. Finally, analysis for performance based on bankruptcy propensity did not reveal any new finding for both the groups and diversification on performance, further suggests that risk may not be associated with multibusiness strategy itself but with each individual group based on idiosyncratic factors. As a whole, the understanding of performance of multibusiness strategy is dependent on the definition of performance.,Ph.D.
dc.language.iso	eng
dc.publisher	UKM, Bangi
dc.relation	Graduate School of Business / Pusat Pengajian Siswazah Perniagaan
dc.rights	UKM
dc.subject	Capability
dc.subject	Strategy
dc.subject	Universiti Kebangsaan Malaysia -- Dissertations
dc.title	Examining the performance of multibusiness strategy for business groups
dc.type	Theses
dc.format.pages	268
dc.identifier.barcode	003267(2018)
Appears in Collections:	Graduate School of Business / Pusat Pengajian Siswazah Perniagaan

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