Business Groups in International Business

Colpan, A., and Cuervo-Cazurra, A. 2018. Business groups in international business. In Lopes T., Lubinski, C. and, Tworek, H. (Eds) Companion to the Makers of Global Business. Routledge.

17 Pages Posted: 27 Dec 2018

See all articles by Asli M. Colpan

Asli M. Colpan

Kyoto University - Graduate School of Management

Alvaro Cuervo-Cazurra

Northeastern University - Department of International Business and Strategy

Date Written: Apriil 2, 2018

Abstract

We analyze the evolution of business groups as an organizational form and how this form has played a role in the globalization of markets. Business groups, a collection of legally-independent firms operating in unrelated product markets and connected to each other via equity and other ties, exist in many countries and currently play a major role in emerging ones. In emerging economies, business groups have been the dominant forms of large enterprises and have led the internationalization processes of their economies. The internationalization of the Koç group, the largest Turkish business group, illustrates how membership in a business group provides affiliated companies with both advantages and disadvantages in their internationalization, and how the adoption of pro-market reforms has profound effects on the global expansion of business groups.

Keywords: business groups, internationalization, emerging markets, advantages, disadvantages, Koç, Turkey

JEL Classification: M16, M21, N8

Suggested Citation

Colpan, Asli M. and Cuervo-Cazurra, Alvaro, Business Groups in International Business (Apriil 2, 2018). Colpan, A., and Cuervo-Cazurra, A. 2018. Business groups in international business. In Lopes T., Lubinski, C. and, Tworek, H. (Eds) Companion to the Makers of Global Business. Routledge.. Available at SSRN: https://ssrn.com/abstract=3298391

Asli M. Colpan

Kyoto University - Graduate School of Management ( email )

Yoshida-Honmachi
Sakyo-ku
Kyoto, 606-8501
Japan

Alvaro Cuervo-Cazurra (Contact Author)

Northeastern University - Department of International Business and Strategy ( email )

D'Amore-McKim School of Business
313 Hayden Hall, 360 Huntington Avenue
Boston, MA 02115
United States
16173736568 (Phone)
16173738628 (Fax)

HOME PAGE: http://cuervo-cazurra.com

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