In this paper, we consider the potential paths of the evolution of business groups (BGs). We
organize our analysis around the two dominant perspectives on BGs: institutional voids (IV) …

In this theoretical paper, I analyze business groups' corporate social responsibility (CSR).
Building on economic thinking, I propose that the level and diversity of CSR investments of …

This paper analyzes the relationship between Business Groups as a distinct way of
organizing economic activities and their relation to the public good. We first analyze the …

Weak institutions, endemic market failures and low trust permeate the Tanzanian business
environment. Nevertheless, some local enterprises overcome these challenges. Based on …

The relationship between diversification and firm performance varies among institutions and
over time. Less is known about the advantageousness of diversification in economy‐wide …

From the times of Adam Smith, many economists who were interested in economies around
the world recognized that there were great differences among national economies in their …

Drawing from the family business perspective, this study provides insights into how the
heterogeneity arising from founding family structures explains why particular business …

How do companies and government interactions affect business groups' decisions on
growth? So far, empirical evidence is based on qualitative data that do not explain how …

This paper reports about how product diversification strategies drive for firm performance
through managerial skills. Extant literature has presents that increases in product market …

Business groups are an organizational model in which collections of legally independent
firms bounded together with formal and informal ties use collaborative arrangements to …