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The emergence and organizational persistence of business groups in China, Japan, and Sweden
Tongji University, Peoples R China.
Linköping University, Department of Management and Engineering, Economics. Linköping University, Faculty of Arts and Sciences. Stockholm School Econ, Sweden.
Setsunan University, Japan.
2016 (English)In: Industrial and Corporate Change, ISSN 0960-6491, E-ISSN 1464-3650, Vol. 25, no 6, 885-902 p.Article in journal (Refereed) Published
Abstract [en]

The existence of business groups has to be discussed in a systematic and comparative way. This article analyzes business groups in three countries, China, Japan, and Sweden, by providing a view as to why and how business groups solve economic problems, and how the specific national context of the group affects its substance and performance. Our first observation is that the business groups studied emerged at times of institutional instability and persisted, thanks to cooperative capitalism and an export-oriented economy. Second, our business groups have used a diversification strategy at the group level in order to share risks and reduce costs at the firm level. Third, business groups seemed to reduce problems associated with high management costs and risk when many industries were held together in a single, large enterprise. With regard to internal markets, there seemed to be national differences in intra-firm behavior and the ways in which national governments mobilized business groups to reach certain economic and social goals. The emergence and persistence of successful business groups indicate that the Anglo-Saxon model of the firm is neither the only one, nor superior.

Place, publisher, year, edition, pages
OXFORD UNIV PRESS , 2016. Vol. 25, no 6, 885-902 p.
National Category
Economic History
Identifiers
URN: urn:nbn:se:liu:diva-134786DOI: 10.1093/icc/dtw006ISI: 000392944000001OAI: oai:DiVA.org:liu-134786DiVA: diva2:1077003
Note

Funding Agencies|China National Science Foundation [71503184]; Shanghai Pujiang Foundation [15PJC095]

Available from: 2017-02-24 Created: 2017-02-24 Last updated: 2017-03-09

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf