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...

Defendants of state-owned development banks emphasize their role in reducing capital constraints and fostering productive investment; detractors point out that they may benefit politically connected capitalists or bail out inefficient firms. We study the effect of loans and equity investments of...

Au Brésil, l'étude sur le processus du changement stratégique organisationnel, en général, ne considère pas les implications du changement dans la performance organisationnel. À son tour, les études qui ont comme objectif expliquer les variations de performance ne considèrent pas le...