Business groups: entry barrier–innovation debate revisited

Journal of Economic Behavior & Organization, pp. 513-531, 2004.

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L13O32O31

Abstract:

We argue that in the presence of market imperfections, business groups’ market share in a sector acts as a proxy for barriers to enter that sector. Recognition of group share as a proxy for entry barriers allows us to revisit the entry barrier–innovation debate in the context of emerging economies. Evidence presented in this paper note in...More

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