Large business enterprises, from the railroad barons of nineteenth century America to Amazon and Google today, are often perceived as important for economic performance and, at the same time, as potential abusers of their political and economic power. In this study, we compare the experiences of...

Business groups constitute one of the most prevalent and intriguing modes of organizing and managing economic activities through inter-firm coordination and cooperation. The extensive empirical literature on this phenomenon is focused primarily on presenting cross-sectional evidence, and much...