Business groups are an organizational model in which collections of legally independent firms bounded together with formal and informal ties use collaborative arrangements to enhance their collective welfare. Among the different varieties of business groups, diversified business groups that...

I analyze the drivers of the emergence and transformation of business groups in advanced countries. Based on the analysis of the transformation of Spanish business groups in the 20th and 21st centuries, I complement the traditional explanations for the existence of business groups (weak...

"Emerging market multinationals (EMNCs) can become successful global players across a wide spectrum of industries, as demonstrated by companies such as the Brazilian airplane manufacturer Embraer, the Mexican bakery Bimbo, the Russian IT firm Kaspersky Labs, the Indian conglomerate Tata Group,...