企業績效主要是受到企業本身策略、抑或是來自於產業之外部效果影響，一直以來都是策略管理學者所探討的議題之一。而由鐘擺理論可以看出策略理論的進展，由早期組織內部的策略理論探討，在1980年代則邁向組織外部的產業組織經濟學派。同時，也出現介於兩者之間的組織經濟學派。最後在後1980年代，由Wernerfelt(1984)等眾多學者發展資源基礎論之概念，且認為企業的獨特資源與核心能力才是影響企業獲利的主要因素。
但本研究在此納入生命週期階段作為考量，且由於台灣集團對台灣經濟占有重要的影響力。故以1990-2012年之台灣上市上櫃及興櫃的集團子公司為樣本，先採用集群分析法(factor-cluster analysis)區隔生命週期階段，後以階層線性模型(Hierarchical Linear Modeling,HLM)做績效之統計分析。為應證以往研究結果，同時納入時間效果做考慮研究。結果顯示子公司效果在時間效果存在時，較產業及集團的影響力大。但仍較時間變動效果為小，顯示時間變動效果存在且占績效最大變異成份。本研究也證明在市場價值上，集團對企業績效的影響力隨生命週期有逐步上升的情況，且子公司效果則隨生命週期逐步下降。

Corporate performance is mainly due to corporate strategy itself , or an external effect from the impact of the industry , has always been one of the topics discussed in strategic management scholars . The theory can be seen by the progress of the policy pendulum theory to explore the strategies theory of early internal organizational theory .In the 1980s ,the strategy theory move to the industry outside of the organization ,towards the industry organization economic school . Meanwhile, the organization theory school in between also appear . Finally, in the late 1980s ,by Wernerfelt (1984) and many other scholars on the basis of the concept of resource development, and the unique resource and core competencies that companies with are the main factors affecting corporate profits .
However, this study included in this stage of the life cycle as a consideration, and because Taiwan group affiliation on Taiwan's economy plays an important influence. Therefore, the group's subsidiaries in 1990-2012 in the Taiwan Stock Market and emerging as a sample .First,we use cluster analysis (factor-cluster analysis) separated life cycle stages , then take the hierarchical linear model (Hierarchical Linear Modeling, HLM) statistical analysis performance. To be certified the results of previous studies , while incorporating the time to consider the effect of doing research .
The results show that the effect of subsidiary results when time exists , the larger industrial and corporate influence. But the lower than the time effect the time effect variance accounts for the greatest variation in performance ingredients . This study also demonstrated the group's influence over the life cycle of escalating the situation there , and the effect is gradually decreased with the subsidiary effect with lifecycle . Use of organizational ecology ,this research link the organization theory to the stratrgy theory , and explain the relationship between performance .

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