We propose a novel identification strategy for estimating the effects of business group affiliation. We study two-firm business groups, some of which split up d

Emerging markets like India have poorly functioning institutions, leading to severe agency and information problems. Business groups in these markets have the p

This study compares overall financial characteristics of the Turkish nonfinancial firms across a variety of ownership variables. We essentially analyze the perf

Using an integration of agency theory with an institutional perspective, we investigate how business group affiliation, with-in firm governance and external gov

This volume aims to explore the evolution of large enterprises in today's developed economies in the West. It focuses on the economic institution of the busines