This paper reviews existing studies of the role of emerging market business groups, a
ubiquitous but poorly understood organizational form. I first suggest that understanding the …

We study the evolution of Korean chaebols (business groups) using ownership data.
Chaebols grow vertically (as pyramids) when the controlling family uses well-established …

We identify which types of ties best distinguish pairs of Chilean firms in the same business
group from pairs of Chilean firms that are not group brethren. Overlap in owners, indirect …

Networks play an important role in a wide range of economic phenomena. Despite this fact,
standard economic theory rarely considers economic networks explicitly in its analysis …

Neither the existence of a global tendency toward the centralization of capital as theorized
by Marx nor the possible links between economic crisis and capital centralization have been …

In this paper, the consequences of cross-shareholding in an n-firm industry are analyzed.
Our attention focuses on the case where firms have silent interests in each other. These …

A big data set can often be illustrated by the nodes and edges of a big network. A large
volume of data is generally produced by the stock market, and complex networks can be …

The complex network associations formed by cross-shareholdings of financial institutions
have affected the risk-taking of financial institutions, and have gained considerable attention …

We show that partial equity ownership of a rival firm reduces product market competition.
Acquisitions of a minority equity stake in rival firms are followed by higher output prices and …

We present here an overview of the use of networks in Finance and Economics. We show
how this approach enables us to address important questions as, for example, the structure …