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The analysis of business groups: Some observations with reference to India


  • Mazumdar, Surajit


This paper uses some available but not necessarily commonly known information on Indian business groups as the basis for interrogating some of the recent analysis of the business group in developing countries, analysis which seeks to explain why such groups exist and their consequences. The paper argues that much of this analysis is unsatisfactory both in terms of the questions posed and also the research methods adopted

Suggested Citation

  • Mazumdar, Surajit, 2008. "The analysis of business groups: Some observations with reference to India," MPRA Paper 19628, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:19628

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    References listed on IDEAS

    1. Marianne Bertrand & Paras Mehta & Sendhil Mullainathan, 2002. "Ferreting out Tunneling: An Application to Indian Business Groups," The Quarterly Journal of Economics, Oxford University Press, vol. 117(1), pages 121-148.
    2. repec:aea:jeclit:v:43:y:2005:i:3:p:655-720 is not listed on IDEAS
    3. Granovetter, Mark, 1995. "Coase Revisited: Business Groups in the Modern Economy," Industrial and Corporate Change, Oxford University Press, vol. 4(1), pages 93-130.
    4. Rafael La Porta & Florencio Lopez-De-Silanes & Andrei Shleifer, 1999. "Corporate Ownership Around the World," Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, April.
    5. Leff, Nathaniel H, 1978. "Industrial Organization and Entrepreneurship in the Developing Countries: The Economic Groups," Economic Development and Cultural Change, University of Chicago Press, vol. 26(4), pages 661-675, July.
    6. Andrew F. Brimmer, 1955. "The Setting of Entrepreneurship in India," The Quarterly Journal of Economics, Oxford University Press, vol. 69(4), pages 553-576.
    7. Tarun Khanna & Yishay Yafeh, 2007. "Business Groups in Emerging Markets: Paragons or Parasites?," Journal of Economic Literature, American Economic Association, vol. 45(2), pages 331-372, June.
    8. repec:hrv:faseco:30747162 is not listed on IDEAS
    9. Williamson, Oliver E, 1981. "The Modern Corporation: Origins, Evolution, Attributes," Journal of Economic Literature, American Economic Association, vol. 19(4), pages 1537-1568, December.
    10. Ghemawat, Pankaj & Khanna, Tarun, 1998. "The Nature of Diversified Business Groups: A Research Design and Two Case Studies," Journal of Industrial Economics, Wiley Blackwell, vol. 46(1), pages 35-61, March.
    11. Tarun Khanna & Krishna Palepu, 2005. "The Evolution of Concentrated Ownership in India: Broad Patterns and a History of the Indian Software Industry," NBER Chapters,in: A History of Corporate Governance around the World: Family Business Groups to Professional Managers, pages 283-324 National Bureau of Economic Research, Inc.
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    Cited by:

    1. Anand Saxena, 2013. "Transgenerational succession in business groups in India," Asia Pacific Journal of Management, Springer, vol. 30(3), pages 769-789, September.
    2. Manos, Ronny & Murinde, Victor & Green, Christopher J., 2012. "Dividend policy and business groups: Evidence from Indian firms," International Review of Economics & Finance, Elsevier, vol. 21(1), pages 42-56.
    3. Shikha Bharadwaj, 2014. "Emotional And Family Influences In Succession Planning Of Family Owned Businesses With Respect To Smes," Working papers 2014-06-13, Voice of Research.

    More about this item


    business groups; india;

    JEL classification:

    • L0 - Industrial Organization - - General
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior


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