Entrepreneurial groups face a twinned challenge: recognizing new ideas and implementing them. Recent research suggests that connectivity reaching outside the group channels new ideas, while closure makes it possible to act on them. By contrast, we argue that entrepreneurship is not about...

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...

A great deal of multinationals receive a bundle of hidden or cash subsidizes upon investing in a foreign country. Policymakers often argue that a subsidy today will help locate friends of the investor later on. Using extensive data on FDI investments, we analyze such patterns. In particular, we...