How and when do conglomerates influence the creativity of their subsidiaries?

Research Summary : We develop a framework for understanding how and when membership in a conglomerate affects a subsidiary's creativity. Focusing on “sectoral” conglomerates with several subsidiaries in the same industry, we explain that the effect has two components: an imprinting effect at the time of affiliation, and a concurrent effect from ongoing interactions with other subsidiaries. In the context of the high‐end fashion industry, we find...