Lee, Keun; Jin, Xuehua - In: Business History 51 (2009) 1, pp. 77-99
-business groups, and there is no study that quantitatively verifies the origins of the business groups, particularly in China. This … paper uses the survey data of SOEs (state-owned enterprises) in China to verify the three paths toward business groups, such … explain the emergence of the business groups in China. These are the market-based view, the state-activism view and the …