Two Faces: Effects of Business Groups on Innovation in Emerging Economies
Management Science, pp. 1348-1365, 2004.
business groupinstitutional differenceinstitutional infrastructuredifferent innovation thresholdindustrial policyMore(13+)
This paper shows that business groups in emerging economies exert dual effects on innovation. While groups facilitate innovation by providing institutional infrastructure, groups also discourage innovation by creating entry barriers for nongroup firms and thereby inhibit the proliferation of new ideas. This pattern reflects an evolutionar...More
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