scholarly journals The Existence and Evolution of Business Groups in Emerging Economies: A Selective Review of the Literature

2021 ◽  
Vol 16 (2) ◽  
Author(s):  
Rupambika Bharati
Keyword(s):  
Industrial Organization ◽  
Corporate Finance ◽  
Emerging Economies ◽  
Economic Performance ◽  
Business Groups ◽  
Organizational Form ◽  
Scholarly Work ◽  
Review Of The Literature ◽  
Research Perspectives ◽  
Ubiquitous Presence

Business Groups and their ubiquitous presence in emerging economies affect the broad patterns of economic performance. The study of such hybrid organizational form has been relevant to various domains such as industrial organization, corporate finance, strategic management, economics and sociology etc. This paper is an attempt to first understand the reason for their dominant presence in emerging markets and then proceeds to review the literature based on the dominant research perspectives of the existing scholarly work.

The Economic and Sociological Approaches to Research on Business Groups in Emerging Markets

2018 ◽  
pp. 546-568
Author(s):  
Chi‐Nien Chung ◽  
Rose Xiaowei Luo
Keyword(s):  
Emerging Markets ◽  
Emerging Economies ◽  
Business Groups ◽  
Organizational Form ◽  
Internal Market ◽  
Future Research ◽  
Institutional Logic ◽  
Theoretical Perspectives ◽  
Sociological Approaches ◽  
Almost All

Business groups are an organizational form prevalent in almost all emerging economies. Business groups often play a central role in the economies in which they operate by contributing high percentages of national GDP and hiring many employees. While previous reviews focus on various subjects of business groups, this chapter discusses and summarizes the literature according to four theoretical perspectives rooted in economics and sociology: the internal market view, the resource bundle perspective, the network perspective, and the institutional logic perspective. For each perspective, the chapter first summarizes the major constructs and reasoning, and then reviews key studies for each. In conclusion, this chapter calls for future research that combines these perspectives and examines the continued evolution (including the decline) of business groups.

Social Representations and Commitment

2018 ◽  
Vol 23 (3) ◽  
pp. 233-249 ◽  
Author(s):  
Eric Bonetto ◽  
Fabien Girandola ◽  
Grégory Lo Monaco
Keyword(s):  
Social Representations ◽  
Social Representation ◽  
Second Line ◽  
Review Of The Literature ◽  
First Line ◽  
Research Perspectives ◽  
The Social ◽  
Bibliographic Search ◽  
English Articles

Abstract. This contribution consists of a critical review of the literature about the articulation of two traditionally separated theoretical fields: social representations and commitment. Besides consulting various works and communications, a bibliographic search was carried out (between February and December, 2016) on various databases using the keywords “commitment” and “social representation,” in the singular and in the plural, in French and in English. Articles published in English or in French, that explicitly made reference to both terms, were included. The relations between commitment and social representations are approached according to two approaches or complementary lines. The first line follows the role of commitment in the representational dynamics: how can commitment transform the representations? This articulation gathers most of the work on the topic. The second line envisages the social representations as determinants of commitment procedures: how can these representations influence the effects of commitment procedures? This literature review will identify unexploited tracks, as well as research perspectives for both areas of research.

Business-groups in Russian industries

2004 ◽  
pp. 121-134 ◽  
Author(s):  
S. Avdasheva
Keyword(s):  
Industrial Organization ◽  
Economic System ◽  
Institutional Economics ◽  
Business Groups ◽  
Control Rights ◽  
Organization And Management ◽  
Russian Economy ◽  
Main Determinants ◽  
Soviet Economic System

The chapter of “Institutional Economics” textbook is devoted to the development of business-groups as a specific feature of industrial organization in the Russian economy. The main determinants of forming and functioning of business-groups such as allocation of property rights in Soviet enterprises, networks of directors and executive authorities in the Soviet economic system as well as import of new institutes and inefficient state enforcement are in the center of analysis. Origins, structure, organization and management within the groups and the role of shareholding and informal control rights are considered.

Diversified Business Groups and Corporate Refocusing in Emerging Economies

2005 ◽  
Vol 31 (6) ◽  
pp. 941-965 ◽  
Author(s):  
Robert E. Hoskisson ◽  
Richard A. Johnson ◽  
Laszlo Tihanyi ◽  
Robert E. White
Keyword(s):  
Emerging Economies ◽  
Business Groups

Strategic management research on emerging economies

2017 ◽  
Vol 13 (3) ◽  
pp. 204-225 ◽  
Author(s):  
Ramya Tarakad Venkateswaran ◽  
Abhoy K. Ojha
Keyword(s):  
Strategic Management ◽  
Critical Discourse Analysis ◽  
Emerging Economies ◽  
Knowledge Exchange ◽  
Emerging Economy ◽  
Cultural Discourse ◽  
Management Research ◽  
Content Type ◽  
Research Perspectives ◽  
International Knowledge

Purpose Universalizing approaches to knowledge when combined with a dominating cultural discourse is problematic for management research paradigms as “West meets East”. This study aims to examine the case of the rapidly expanding, mainstream strategic management research in and on emerging economies through a critical perspective. Design/methodology/approach The authors analyze the strategic management society’s special conferences and workshops on “Emerging India” that aimed to write a fresh chapter of research on India as an emerging economy, using the methodology of critical discourse analysis (CDA). The authors treat this conference as representative of several such conferences and workshops being organized in emerging economies. Findings The results detect some troubling undercurrents of privilege and marginalization. The authors find support for a dominating cultural discourse embedded in the rapidly expanding, universalizing strategic management research perspectives in and on emerging economies. Research limitations/implications The implications for indigenous knowledge creation is discussed with a concluding call for academic reflexivity through revisiting different philosophies of science in management research and studying the social mechanisms of international knowledge exchange. Originality/value The theoretical framework combining the process of universalizing knowledge (Bourdieu and Wacquant, 1999) with a dominating cultural discourse sustained through a system of pressures and constraints (Said, 1978, 1993) is an original contribution. The choice of an emerging economy site is not very common, and the use of CDA on an event like a conference is valuable to research methodology.

Chaebol and Catastrophe: A New View of the Korean Business Groups and Their Role in the Financial Crisis

2002 ◽  
Vol 1 (2) ◽  
pp. 1-45 ◽  
Author(s):  
Robert C. Feenstra ◽  
Gary G. Hamilton ◽  
Eun Mie Lim
Keyword(s):  
Industrial Organization ◽  
Business Groups ◽  
High Concentration ◽  
Low Concentration ◽  
Korean Economy ◽  
Vertical Linkages ◽  
Stable Equilibria ◽  
Second Tier ◽  
The Government ◽  
Multiple Stable Equilibria

We present a model of industrial organization that has multiple stable equilibria and argue that the high-concentration equilibrium describes Korea's economy and the low-concentration equilibrium describes Taiwan's economy. Past industrial policy of the state may have put Korea's economy in the high-concentration equilibrium, but discontinuation of the policy did not cause the industrial organization to change because this is an economically viable equilibrium. The high-concentration equilibrium produces a narrower range of final goods than the low-concentration equilibrium, which explains why the 1996 collapse in semiconductor prices caused the less diversified Korean economy to contract more than the more diversified Taiwanese economy. More importantly, this collapse in demand caused Korea's economy to move to a new equilibrium that has a smaller number of business groups, as evidenced by the collapse of the second-tier chaebol and their absorption into the first-tier chaebol. This wave of bankruptcies, combined with the financially precarious state of the merchant banks, created an investor panic that precipitated the crisis, which began with the 17 November 1997 devaluation of the won. This is why economic fundamentals could explain the chaebol bankruptcies before that date and not those after that date. The logic of our model suggests that public policy should focus on reducing the vertical linkages within business groups and not on reducing their horizontal linkages as the current “Big Deal” program of the government is doing.

scholarly journals The Stages of International Growth of the Business Groups From Emerging Economies

2015 ◽  
Vol 6 (2) ◽  
pp. 22-34
Author(s):  
Roderick Bugador
Keyword(s):  
Emerging Economies ◽  
Dynamic Capabilities ◽  
Transaction Cost Economics ◽  
Institutional Environment ◽  
Business Groups ◽  
Theory Of The Firm ◽  
Analytical Framework ◽  
Growth Stages ◽  
Firm Level ◽  
International Growth

The previous studies have focused on weak institutional environment in explaining the growth of business groups in emerging economies. The recent events, however, show that business groups continue to grow even when the institutions are getting better. This is evident both in the domestic and international growth stages. This paper addresses this by providing a group and a firm-level analytical framework as an alternative in examining the international growth of business groups. The focus is putting the institutional environment in the background and the business groups in the forefront. The paper builds on the endogenous growth of business groups and proposes that their persistence, regardless of institutions and level of economy, can be explained not only through their environment but also by the internal dynamics of their organizational structure and group-specific advantages. This proposition is based on the theory of the firm through the combined application of transaction cost economics, resource-based and dynamic capabilities views.

scholarly journals The Competitiveness of Business Groups and Their Affiliates in International Operations

2016 ◽  
Vol 8 (1) ◽  
pp. 251-262
Author(s):  
Roderick Caballero Bugador
Keyword(s):  
Emerging Economies ◽  
Critical Review ◽  
Business Groups ◽  
Business Group ◽  
Emerging Economy ◽  
Theoretical Background ◽  
International Expansion ◽  
Vast Literature ◽  
International Operations ◽  
Managerial Capabilities

AbstractThe discourse on the competitiveness of emerging economy firms continues with globalization. This paper joins the dialogue by providing a framework of the competitiveness of business groups and their affiliates in international operations. The goal is to address the vast literature on emerging economies that remains short in providing the theoretical background on the competitiveness of emerging and transitioning economy firms. To do this, this study used a critical review and analysis of the literature. It offers some propositions to illustrate the applicability of the framework in analyzing the international expansion of business group affiliates across borders. Ultimately, the paper contributes to the literature on managerial capabilities and competitiveness of firms to sustain their operations as the new emerging economy multinationals.

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