Mazumdar, Surajit (2011): Studying developing country business groups: some issues with reference to the Indian case.
Download (449kB) | Preview
Through a critical review of some of the literature and making use of information relating to Indian groups, the case is made for a more bottom-up, and more historical, approach to the study of the developing country business group. The lack of clarity and unanimity in the conceptualization of the business group, the mismatch between many conceptions and the reality of Indian groups and how avoidable ignorance has led to mistaken conclusions are highlighted. Arguing that these problems stem from an excessive bias towards a top-down method of analyzing business groups, a shift in emphasis towards the concrete investigation of these groups, of their structures and working, and of their evolution over time, is urged.
|Item Type:||MPRA Paper|
|Original Title:||Studying developing country business groups: some issues with reference to the Indian case|
|Keywords:||business groups; developing countries; India|
|Subjects:||L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior|
|Depositing User:||Surajit Mazumdar|
|Date Deposited:||21. May 2012 02:44|
|Last Modified:||13. Sep 2015 07:55|
Amsden, A. H. and Hikino, T. (1994). Project Execution Capability, Organizational Know-how and Conglomerate Corporate Growth in Late Industrialization. Industrial and Corporate Change, 3(1), 111-147.
Bertrand, Marianne, Mehta, Paras, and Mullainathan, Sendhil (2000). Ferreting Out Tunneling: An Application to Indian Business Groups, Cambridge, MA: National Bureau of Economic Research. NBER Working Paper 7952.
Bertrand, Marianne, Mehta, Paras, and Mullainathan, Sendhil (2002). Ferreting Out Tunneling: An Application to Indian Business Groups. The Quarterly Journal of Economics, 117(1), 121-148.
Chalapati Rao, K.S. (1985). Inter-Connections under the MRTP Act in the Context of Asset Limit Hike. Economic and Political Weekly, 20(27), 1132 - 1146.
Chalapati Rao, K. S. and Guha, Atulan (2006). Ownership Pattern of the Indian Corporate Sector: Implications for Corporate Governance. New Delhi, India: Institute for Studies in Industrial Development. ISID Working Paper 2006/09.
Cuervo-Cazurra, Alvaro (2006) Business Groups and their Types. Asia Pacific Journal of Management, 23(4), 419–437.
Ghemawat, Pankaj and Khanna, Tarun (1998). The Nature of Diversified Business Groups: A Research Design and Two Case Studies. The Journal of Industrial Economics, 46(1), 35-61.
Government of India (1965). Report of the Monopolies Inquiry Commission (MIC Report). New Delhi.
Government of India (1969). Report of the Industrial Licensing Policy Inquiry Committee (ILPIC Report). New Delhi: Department of Industrial Development, Ministry of Industrial Development, Trade and Company Affairs.
Goyal, S.K (1979). Monopoly Capital and Public Policy. New Delhi: Allied Publishers.
Granovetter, Mark (1994). Business Groups. In Neil J. Smelser and Richard Swedberg (eds.) The Handbook of Economic Sociology (pp. 453-475). Princeton and New York: Princeton University Press and Russel Sage Foundation,.
Granovetter, Mark (1995). Coase Revisited: Business Groups in the Modern Economy. Industrial and Corporate Change, 4(1), 93–129.
Guillén, Mauro F. (2000) Business Groups in Emerging Economies: A Resource-Based View. The Academy of Management Journal, 43(3), 362-380.
Hazari, R.K. (1966). The Structure of the Private Corporate Sector, A Study of Concentration, Ownership and Control. Bombay: Asia Publishing House.
Jeon, Yoong-Deok and Kim, Young-Yong (2004). Conglomerates and Economic Calculation. The Quarterly Journal of Austrian Economics, 7(1), 53-64.
Khanna, Tarun and Palepu, Krishna (2000). Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups. The Journal of Finance, 55(2), 867-891.
Khanna, Tarun and Palepu, Krishna (2005). The Evolution of Concentrated Ownership in India: Broad Patterns and a History of the Indian Software Industry. In R. Morck (ed.) A History of Corporate Governance around the World: Family Business Groups to Professional Managers (pp. 283-324). Chicago: University of Chicago Press.
Khanna, Tarun and Yafeh, Yishay (2007). Business Groups in Emerging Markets: Paragons or Parasites. Journal of Economic Literature, 45(2), 331-372.
Khanna, Tarun and Rivkin, Jan W. (2001). Estimating the Performance Effects of Business Groups in Emerging Markets. Strategic Management Journal, 22(1), 45-74.
Kothari, M.L. (1967). Industrial Combinations, A Study of Managerial Integration in Indian Industries. Allahabad: Chaitanya Publishing House.
Leff, Nathaniel H. (1978). Industrial Organization and Entrepreneurship in the Developing Countries: The Economic Groups. Economic Development and Cultural Change, 26(4), 661-675.
Lokanathan, P.S. (1935). Industrial Organization in India. London: George Allen and Unwin.
Mehta, M.M. (1952). Combination Movement in Indian Industry (A Study of Concentration of Ownership, Control and Management in Indian Industries). Allahabad: Friends’ Book Depot.
Morck, Randall, Wolfenzon, Daniel and Yeung, Bernard (2005). Corporate Governance, Economic Entrenchment, and Growth. Journal of Economic Literature, 43(3), 657-722.
Reserve Bank of India (2000) Flow of Funds Accounts of the Indian Economy, 1951-52 to 1995-96. Mumbai: Reserve Bank of India.
Reserve Bank of India (2007) Flow of Funds Accounts of the Indian Economy, 1994-95 to 2000-01. RBI Bulletin, 61(9), 1459-1537.
Rungta, Radhey Shyam (1970). The Rise of Business Corporations in India, 1851-1900. Cambridge: Cambridge at the University Press.
Singhania, Vinod K. (1980). Economic Concentration through Inter-Corporate Investments. Bombay: Himalaya Publishing House.
Smångs, Mattias (2006) The Nature of the Business Group: A Social Network Perspective. Organization, 13(6), 889-909.