Cheong, Kwang Soo; Choo, Kineung; Lee, Keun - In: Journal of Economic Behavior & Organization 76 (2010) 2, pp. 141-152
Business groups play significant economic roles in many countries. Motivated by the observation that the literature on business groups is ever-expanding yet providing ambiguous or conflicting results based on empirical investigations, this paper intends to first develop a theoretical model to...