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The King and I: monarchies and the performance of business groups

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  • Jeffrey Owen Herzog
  • Kamal A. Munir
  • Paul Kattuman

Abstract

Large, highly diversified business groups are a prominent feature of the industrial landscape of most emerging economies. Their competitiveness has been the topic of much debate in the international business literature. This paper intervenes in this debate by utilising data from Thailand and demonstrating that whereas business groups create value by filling institutional voids, the political context of a country and the investment of powerful actors in particular groups can cause great variance across business groups' performance. Copyright , Oxford University Press.

Suggested Citation

  • Jeffrey Owen Herzog & Kamal A. Munir & Paul Kattuman, 2013. "The King and I: monarchies and the performance of business groups," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 37(1), pages 171-185.
    • Handle: RePEc:oup:cambje:v:37:y:2013:i:1:p:171-185
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    File URL: http://hdl.handle.net/10.1093/cje/bes032
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    Cited by:

    1. Giuseppe Vanoni Martínez & Carlos Rodríguez-Romero, 2017. "Los conglomerados empresariales en el Ecuador: un análisis histórico, económico y político," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 36(63), pages 247-278, January.
    2. Robert Kubinec, 2018. "Patrons or Clients? Measuring and Experimentally Evaluating Political Connections of Firms in Morocco and Jordan," Working Papers 1280, Economic Research Forum, revised 26 Dec 2018.

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