“Business groups” are sets of legally separate firms bound together in persistent formal
and/or informal ways. The level of binding is intermediate between, and should be …

Ronald Coase's celebrated query as to why economic actors typically aggregate into entities
called 'firms' rather than transacting as individuals in a market has engendered a vigorous …

THE SOCIALLY CONSTRUCTED nature of business enterprises as systems of coordination
and control of economic activities seems self-evident to most social scientists in the same …

Diversified business groups, consisting of legally independent firms operating across
diverse industries, are ubiquitous in emerging markets. Groups around the world share …

CAPITALISM IS THE dominant economic system in today's world, and there appear to be
few alternatives in sight. Socialism, its main competitor, has been weakened immeasurably …

Business groups-large, diversified, often family-controlled organizations with pyramidal
ownership structure, such as the Japanese zaibatsu, the Korean chaebol and the grupos …

Business groups have incurred both frustrating confusion as well as heated discussion
regarding their organizational nature and economic contributions. In addition to the …

Economists have long focused on markets as exchange mechanisms, and many economic
sociologists have also used the same approach. This focus emphasized the importance of …

Economic sociology is now a sociological specialization with a distinct identity (Smelser and
Swedberg 1994). In the twentieth century, it focused on the internal workings of …

Business groups are a special type of enterprise system existing in almost every market
economy. Member firms do not operate as isolated units in the markets but have …