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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.

Suggested Citation

  • Fulvio Castellacci & Ishtiaq Pasha Mahmood, 2015. "Business groups in Emerging Economies: Introduction to the Special Issue," Review of Economics and Institutions, Università di Perugia, vol. 6(1).
  • Handle: RePEc:pia:review:v:6:y:2015:i:1:n:1

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    More about this item


    business groups; small businesses; portfolio entrepreneurs; ownership; diversification;

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics


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