Business Groups in Emerging Markets : Paragons or Parasites ?

@inproceedings{Khanna2005BusinessGI,
  title={Business Groups in Emerging Markets : Paragons or Parasites ?},
  author={Tarun Khanna and Yishay Yafeh},
  year={2005}
}
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… CONTINUE READING

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