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Cited by 256

The DOI matches its Crossref record; 201 of the 201 references it cites were found in a registry or an index.

Business Groups in Emerging Markets: Paragons or Parasites?

Open access
Khanna, Tarun, Yafeh, Yishay·2005·SSRN Electronic Journal
DOI 10.2139/ssrn.787625
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Abstract

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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Metadata

Authors
Khanna, T., & Yafeh, Y.
Venue
SSRN Electronic Journal
Publisher
Elsevier BV
Published
2005
ISSN
1556-5068 (ISSN-L)
DOI
10.2139/ssrn.787625
OpenAlex
W2104971595
Cited by
256
References
201
Type
posted content
Language
en
Open access
green

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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