臺大管理論叢 NTU Management Review VOL.29 NO.3

125 DOI:10.6226/NTUMR.201912_29(3).0004 有效率的網絡結構對組織的營業績效真的有幫助嗎？探討小 世界網絡結構對集團企業以及核心母公司的績效影響 Does Efficient Social-Network Structure Benefit the Performance of Business Groups and Core Firms? The Underlying Mediation Mechanism for Small World Network Structure and Internationalization in Cross- Level Business Group Network Abstract Small-world networks have received much theoretical attention from sociologists, business-management researchers, and others. In the present study, I examine both financial and internationalization performance under a small-world network structure of business groups. Using the perspective of network analysis, I set out to clarify the effects of small-world network structures on the financial performance of groups and their core firms. I also test the internationalization performance of groups and its mediating role between small-world networks and group financial performance. This study extends business-group research by examining the effects that group and cross-level nested dimensions can have on financial and internationalization performance. With longitudinal business-group data in Taiwan from the BGT directory spanning the years between 2009 and 2013, I present evidence that small-world networks have shaped dynamic financial outcomes. The result indicates that the relationship between small-world networks and the financial performance of groups is U-shaped. The evidence additionally indicates that an inverted U-shaped relationship characterizes the interactions between the small-world networks and the nested core firms of groups. However, small-world network structures do not affect the internationalization performance of groups. 【 Keywords 】 small-world network, business group, financial performance, internationalization performance, core firm Ying-Yu Chen , Bachelor Program of Management Science and Finance, National Dong Hwa University 陳膺郁 / 國立東華大學管理學院管理科學與財金國際學士學位學程 Received 2017/3, Final revision received 2018/3 NTU Management Review Vol. 29 No. 3 Dec. 2019, 125-166