Case studies of five major Taiwanese businessgroups are used to examine how personal relationships function in theentrepreneurial process. A review of the literature on group formation in EastAsia reveals that personal relationships (Guanxi) are regarded as anintegral part of business creation...

We examine how formal interlocking political ties between business leaders and political actors affect sell-off strategy of firms in emerging markets. We propose that political ties substitute for underdeveloped institutions and provide firms with market intermediation, influence over political...

We examine how leadership transition affects firm performance in emerging economies. Building upon the social embeddedness and neo-institutional perspectives, we argue for the importance of alignment between successor origin and social context for firm performance. We suggest that as a baseline...