Business Groups: An Integrated Model to Focus Future Research
Abstract
Business groups are the primary form of managing large business organizations outside North America. This paper provides a systematic and integrative framework for understanding business groups. We argue that existing theoretical perspectives of business groups pay attention to four critical external contexts, each of which draws from a specific theoretical perspective: market conditions (transaction cost theory), social relationships (relational perspective), political factors (political economy perspective), and external monitoring mechanisms (agency theory). Business groups adapt to these external forces by deploying various internal mechanisms along two key dimensions: one focuses on the distinctive roles of the group affiliates (horizontal connectedness) and the other focuses on coupling and order between the parent firm and its affiliates (vertical linkages). Based on these two dimensions, a typology of business group forms is developed: network (N-form), club (C-form), holding (H-form), and multidivisional (M-form). Utilizing this model we provide research questions which facilitate an improved future research agenda. Copyright Blackwell Publishing Ltd 2007.Download Info
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Bibliographic Info
Article provided by Wiley Blackwell in its journal Journal of Management Studies.
Volume (Year): 44 (2007)
Issue (Month): 8 (December)
Pages: 1551-1579
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2380
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Jürgen Wandel, 2011. "Business groups and competition in post-Soviet transition economies: The case of Russian “agroholdings”," The Review of Austrian Economics, Springer, vol. 24(4), pages 403-450, December.
- N. Selekler-Goksen & Özlem Yildirim Öktem, 2009. "Countervailing institutional forces: corporate governance in Turkish family business groups," Journal of Management and Governance, Springer, vol. 13(3), pages 193-213, August.
- Yuan Lu & Eric Tsang & Mike Peng, 2008. "Knowledge management and innovation strategy in the Asia Pacific: Toward an institution-based view," Asia Pacific Journal of Management, Springer, vol. 25(3), pages 361-374, September.
- Özlem Yýldýrým-Öktem, 2010. "Generational Differences In Involvement Of Family Members In Governance And Management Of Turkish Family Business Groups And Background Characteristics Of Family Members," Bogazici Journal of Economics and Administrative Sciences, Bogazici University, Department of Economics, vol. 24(1+2), pages 41-66.
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