Business Groups in the West: Origins, Evolution, and Resilience

Business Groups in the West: Origins, Evolution, and Resilience

By: Asli M. Colpan (editor), Takashi Hikino (editor)Hardback

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In spite of surging interest in the business group organization among business scholars, economists and historians in recent years, academic research on business groups has to date remained within the boundary of emerging markets. The major aim of this volume is to explore the long-term evolution of different varieties of large enterprises in today's developed economies in the West. More specifically, the volume focuses on the economic institution of the business group and aims at understanding the factors behind its rise, growth, resilience, and/or fall; its behavioural and organizational characteristics; and its contributions to national economic development. While business groups, especially those with widely diversified product portfolio, are a dominant and critical enterprise model in emerging and developing economies and have lately attracted much attention in academic circles and business presses, interestingly, their counterparts in developed economies have not been systematically examined. This contempt for business groups in mature market settings stands in sharp contrast to the intensive research that has been conducted on other major models of large modern enterprises in those economies, such as functionally-organized firms with a clear product focus and multidivisional enterprises that have diversified into related product lines. The present book aims to fill in this gap in the literature by adopting a coherent approach to this elusive subject.

About Author

Asli M. Colpan is Associate Professor of Corporate Strategy at the Graduate School of Management and Graduate School of Economics, Kyoto University, Japan; and Visiting Associate Professor at Koc University, Turkey. Previously she was the Alfred Chandler visiting scholar at Harvard Business School and visiting scholar at the Department of Political Science at MIT. Her research interests include corporate strategy, corporate governance, and especially the evolution of large enterprises in developed and emerging economies. Her work has been published in such journals as Industrial and Corporate Change, Journal of Management Studies, Strategic Management Journal, Asia Pacific Journal of Management, Business History and Corporate Governance: An International Review. She co-edited (with Takashi Hikino and James Lincoln) The Oxford Handbook of Business Groups (Oxford University Press, 2010). Takashi Hikino is Mizuho Securities Endowed Chair Professor at the Graduate School of Management at Kyoto University, Japan; and Visiting Professor at Koc University, Turkey. His major publications include Big Business and Wealth of Nations (co-edited with Alfred D. Chandler and Franco Amatori, Cambridge University Press, 1997), Competing Policies for Competitiveness: Microeconomic Policies During the Golden Age of Capitalism (co-edited with Hideaki Miyajima and Takeo Kikkawa, Oxford University Press, 1998), The Global Chemical Industry in the Age of the Petrochemical Revolution (co-edited with Louis Galambos and Vera Zamagni, Cambridge University Press, 2006), and The Oxford Handbook of Business Groups (co-edited with Asli Colpan and James Lincoln, Oxford University Press, 2010).

Product Details

  • ISBN13: 9780198717973
  • Format: Hardback
  • Number Of Pages: 592
  • ID: 9780198717973
  • weight: 1186
  • ISBN10: 0198717970

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