Business groups are the primary form of managing large business organizations outside North America. This paper provides a systematic and integrative framework for understanding business groups. We argue that existing theoretical perspectives of business groups pay attention to four critical...

This paper reviews the existing management research on Asia. The findings highlight that Asian management research not only builds the understanding of Asia, but also makes a critical contribution to the broad domain of management studies. In particular, Asian-focused research allows researchers...

The prevalent organizational form in most emerging markets is business groups. These groups have typically been viewed through a transaction cost economics perspective where they are perceived as responses to inefficiencies in the market. However, the evidence to date on what generates a...