IDEAS home Printed from https://ideas.repec.org/a/oup/indcch/v4y1995i1p93-130.html
   My bibliography  Save this article

Coase Revisited: Business Groups in the Modern Economy

Author

Listed:
  • Granovetter, Mark

Abstract

Ronald Coase's celebrated query as to why economic actors typically aggregate into entities called 'firms' rather than transacting as individuals in a market has engendered a vigorous stream of research. This paper asks a parallel question: why is it that in all modern economies, firms themselves aggregate into larger entities, often more stable than any literature predicts, which are here referred to as 'business groups'? After establishing some working definitions, and discussing the curious conjunction of empirical importance and analytical invisibility of business groups, an attempt is made to establish the most significant dimensions along which such groups vary. We end with some speculations on the role of these groups in economic development. Copyright 1995 by Oxford University Press.

Suggested Citation

  • Granovetter, Mark, 1995. "Coase Revisited: Business Groups in the Modern Economy," Industrial and Corporate Change, Oxford University Press, vol. 4(1), pages 93-130.
  • Handle: RePEc:oup:indcch:v:4:y:1995:i:1:p:93-130
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:indcch:v:4:y:1995:i:1:p:93-130. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/icc .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.