The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.
Business Groups in Emerging Markets: Paragons or Parasites?
Open accessAbstract
Diversified business groups, consisting of legally independent firms operating across diverse industries, are ubiquitous in emerging markets. Groups around the world share certain attributes but also vary substantially in structure, ownership, and other dimensions. This paper proposes a business group taxonomy, which is used to formulate hypotheses and present evidence about the reasons for the formation, prevalence, and evolution of groups in different environments. In interpreting the evidence, the authors pay particular attention to two aspects neglected in much of the literature: the circumstances under which groups emerge and the historical evidence on some of the questions addressed by recent studies. They argue that business groups are responses to different economic conditions and that, from a welfare standpoint, they can sometimes be “paragons” and, at other times, “parasites.” The authors conclude with an agenda for future research.
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The separation of ownership and control in East Asian Corporations
Claessens, S., Djankov, S., & Lang, L. H. P. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00067-2 · Cited by 5,754
Financing Constraints and Corporate Investment
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The role of banks in reducing the costs of financial distress in Japan
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Investor protection and equity markets
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OWNERSHIP STRUCTURE, EXPROPRIATION, AND PERFORMANCE OF GROUP-AFFILIATED COMPANIES IN KOREA.
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Cited by
International business responses to institutional voids
Doh, J., Rodrigues, S., Saka-Helmhout, A., & Makhija, M. (2017) · Journal of International Business Studies · doi:10.1057/s41267-017-0074-z · Cited by 596
The Role of Oligarchs in Russian Capitalism
Guriev, S., & Rachinsky, A. (2005) · Journal of Economic Perspectives · doi:10.1257/0895330053147994 · Cited by 453
Castellacci, F. (2015) · World Development · doi:10.1016/j.worlddev.2014.12.014 · Cited by 129
Metadata
- Authors
- Khanna, T., & Yafeh, Y.
- Venue
- Journal of Economic Literature
- Publisher
- American Economic Association
- Published
- 2007-05-01
- Volume
- 45
- Issue
- 2
- Pages
- 331-372
- ISSN
- 0022-0515 (ISSN-L)
- OpenAlex
- W3124836373
- Cited by
- 1,390
- References
- 8
- FWCI
- 191.26
- Type
- journal article
- Language
- en
- Open access
- gold
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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