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The nexus between business groups and banks: Mexico, 1932-1982

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  • Gustavo A. Del Angel

Abstract

Over the twentieth century, the Mexican financial system emerged embedded in business groups, as a way of serving their financial needs. Until 1982, Mexico's banking system experienced unprecedented expansion. This article explains how, despite extensive insider lending practices, the relationships between business groups and financial intermediaries were sound enough to sustain them: first, because the commercial banks developed a certain autonomy from their related business groups; and second, because counterbalanced decision-making occurred when property was shared by two or more business groups. However, the ownership of banks remained concentrated in the hands of the business groups.

Suggested Citation

  • Gustavo A. Del Angel, 2016. "The nexus between business groups and banks: Mexico, 1932-1982," Business History, Taylor & Francis Journals, vol. 58(1), pages 111-128, January.
    • Handle: RePEc:taf:bushst:v:58:y:2016:i:1:p:111-128
    DOI: 10.1080/00076791.2015.1044519
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    References listed on IDEAS

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    1. Masahiko Aoki, 2001. "Toward a Comparative Institutional Analysis," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011875, December.
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    Cited by:

    1. Buchnea, Emily & Elsahn, Ziad, 2022. "Historical social network analysis: Advancing new directions for international business research," International Business Review, Elsevier, vol. 31(5).
    2. Carlos Cantú & Roberto Lobato & Calixto López & Fabrizio Lopez-Gallo, 2019. "A loan-level analysis of bank lending in Mexico," BIS Working Papers 802, Bank for International Settlements.

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