Do coopetition and cohesion of business groups stimulate their innovation performance?

Innovation performance is a widely studied issue in management literature. However, despite an increasing number of innovation studies in the context of stand-alone firms, there is still little empirical evidence on business group innovation performance and its driving forces. Our study attempts to shed light on the relationship between coopetition and cohesion of a business group and its innovation performance. We use a Poisson regression model to analyze a sample of 118 business groups. We have found that the type of coopetition as well as the degree of cohesion of a business group is positively related to innovation performance measured by the number of patents and the number of trademarks.