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Business Groups in the WestOrigins, Evolution, and Resilience$
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Asli M. Colpan and Takashi Hikino

Print publication date: 2018

Print ISBN-13: 9780198717973

Published to Oxford Scholarship Online: April 2018

DOI: 10.1093/oso/9780198717973.001.0001

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Business Groups Re-Examined

(p.3) Chapter 1 Introduction
Business Groups in the West

Asli M. Colpan

Takashi Hikino

Oxford University Press

While business groups are a dominant and critical business organization in contemporary emerging economies and have lately attracted much attention in academic circles and business presses, interestingly their counterparts in developed economies have not been systematically examined. This chapter serves as an introduction to this volume that examines the origins, evolution, and resilience of business groups in the developed economies of Western Europe, North America and Oceania. First, it describes the major aims of the volume and argues why it focuses on business groups in developed economies. Second, it examines the categorical classifications of various types of business groups, as conceptual clarification is necessary to distinguish different varieties of this organizational model at the outset of the volume. Third, the chapter explores the varieties of diversified business groups and their comparable organizational models under the category of “multi-unit enterprises.” It concludes by giving an outline of the entire volume.

Keywords:   business groups, developed economies, multi-unit enterprises, holding company, multidivisional enterprises, conglomerate firms, private equity, business networks, pyramidal groups

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