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Diversified business groups in emerging economies

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Diversified business groups dominate the organizational landscape of many emerging and transition economies. Are these diversified groups good or bad for these economies? How can we explain their emergence and persistence? Why are they so visible and dominant in developing countries but not in developed ones? How should regulatory authorities view them? In this paper we review recent theoretical and empirical research on this subject to throw some light on these questions.

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en

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http://eprints.lse.ac.uk/35615/

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