While some authors view development banks as an important tool to alleviate capital constraints in scarce credit markets and unlock productive investments, others see those banks as conduits of cheap loans to politically-connected firms that could obtain capital elsewhere. We test these...

This article combines the institutional theory and political economy approaches to test hypotheses about how transitions in institutional environments affect the performance of Business Groups. Its primary hypothesis is that the different types of political connections established by Business...

The literature of organizational capabilities has overlooked the role of values. We present an institutionalist view of the capability phenomenon accounting for the values occurring in three levels: in the action at routine level, at the organization level and at the institutional environment...