Business groups in developing capital markets: Towards a complementarity perspective

    Strategic Management Journal, 2015.

    Cited by: 42|Bibtex|Views0|Links
    Keywords:
    organizational structure

    Abstract:

    Prior research suggests that business groups (BGs) in developing economies have emerged as alternatives to poorly developed economic institutions in these countries. In this paper, we argue that this does not imply they are always substitutes. Specifically, we consider the case of capital markets, a key economic institution: while the abs...More

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