Why do the founding families of many East Asian companies hold on today-to-daymanagement Is there more going on than meets the eye? This paper uncovers the disturbing patterns of unfair internal transactions among subsidiaries to maximize the wealth of controlling families at the expense of...

In this paper, I investigate whether being part of a business group mitigated the effects of the global financial crisis for Swedish firms. The crisis is used as an exogenous shock to firms' external financing. The investments made by business group firms are compared to those made by standalone...