Kali, Raja; Sarkar, Jayati - East Asian Bureau of Economic Research (EABER) - 2005
-known costs of diversification, their prevalence in emerging economies is a puzzle that has not been completely resolved. While … there is evidence that business groups in emerging economies confer diversification benefits on group affiliated firms by …--vis standalone firms ten years into the transition, but diversification is not the source of these benefits. Instead, we find that …