Business groups in Emerging Economies: Introduction to the Special Issue

Fulvio Castellacci, Ishtiaq Pasha Mahmood


The existence, ubiquity and remarkable dynamics of business groups in emerging markets has stimulated a large amount of research, which has investigated the reasons for the emergence of groups, their ownership structure, their differentiation and vertical integration patterns, and their economic performance. However, there is still more limited evidence about business groups strategies, i.e. how groups organize their business activities and what makes them more (or less) successful than independent enterprises. This Special Issue collects new research on economic groups network and internationalization strategies.


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