We use and extend resource-dependence theory by analyzing how loosely-coupled organizational structures facilitate the management of political ties by business groups in emerging economies. This topic is particularly salient because business groups are a prevalent organizational form in these...

Why do family businesses exist? What factors explain their versatility, limitations and success within and across different industrial and geographic contexts? We develop a transaction-cost framework that addresses these questions. In doing so, we identify a class of asset we term generic...