Business Groups in Brazil

Aldrighi, Dante Mendes; Postali, Fernando Antônio Slaibe

doi:10.1093/oxfordhb/9780199552863.003.0013

Cited by 23 publications

(22 citation statements)

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“…There is also a statistically robust impact of trade openness on diversification. This is in line with models that predict a less diversified productive structure as trade opens up (Dornbusch et al., ), and also with anecdotal evidence from Brazilian groups (Aldrighi and Postali, ). A one standard deviation increase in trade openness decreases diversification by 0.23 (0.23 = 2.48 × 0.09).…”

Section: Business Groups and Chile's Development 1990–2009supporting

confidence: 88%

Do Business Groups Change With Market Development?

Larraín

Urzúa

2016

Economics Manag Strategy

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Khanna and Yafeh hypothesize that business groups should be more common in economies with less developed markets and institutions. We test the time-series version of this hypothesis by looking at changes in Chilean groups over 20 years (1990Chilean groups over 20 years ( -2009Business groups are prevalent in emerging markets (e.g., Brazil, India, China, South Korea) and developed markets (e.g., Italy, Sweden). Yet, despite their extended presence, we know little about why they form and how they evolve. Khanna and Yafeh 2007 put forward several hypotheses in this respect. One hypothesis is that business groups should be more common in economies with less developed markets and institutions. Basically, business groups act as substitutes for capital, goods, or labor markets when frictions are severe. A first approach to test this idea is to make cross-country comparisons on the prevalence of business groups as a function of variables that proxy for market development. A second approach is to use within-country, time-series data to see whether business groups correlate with market dynamics. The time series approach has the advantage of controlling for country unobservables that blur cross-country comparisons.In this paper we contribute to the literature on business groups precisely by performing a country-study in the style of the second approach described above.

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Section: Business Groups and Chile's Development 1990–2009supporting

confidence: 88%

Do Business Groups Change With Market Development?

Larraín

Urzúa

2016

Economics Manag Strategy

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“…Para Argentina, contamos con varios estudios de caso y algunos pocos trabajos que analizaron la evolución de los grupos económicos, especialmente para las últimas décadas del siglo XX. 1 Según María Inés Barbero (2011Barbero ( , 2016, los dos períodos de mayor dinamismo de los grupos argentinos fueron la etapa primario-exportadora (1870-1914) y los años finales de la Industrialización por Sustitución de Importaciones (ISI) a partir de la década de 1960. En ambos momentos, factores de contexto (como mercados imperfectos, altos costos de transacción, políticas estatales que favorecían la concentración económica vía subsidios estatales) y ventajas competitivas de los grupos alentaron su formación y expansión.…”

Section: Palavras-chave Grupos Econômicos Grupos Industriais Industriunclassified

“…En este trabajo nos proponemos analizar, desde una perspectiva histórica, los cambios operados en la morfología del Grupo Fabril Financiera a partir de su 1 Al respecto remitimos a los siguientes autores y textos: Cochran y Reina (1965); Azpiazu, Basualdo y Khavise, (1986); Schvarzer (1989); Azpiazu y Basualdo (1990); Bisang (1996); Barbero (2000); Kosacoff, Forteza, Barbero, Porta y Stengel (2000); Kulfas (2001); Gilbert (2003); Pineda (2006); Rougier y Schvarzer (2006); Castro (2008); Gaggero (2012); Rougier (2015); Badoza y Belini (2016). 2 Como reconoce Barbero (2011, p. 33), queda pendiente una explicación sobre por qué no nacieron nuevos grupos entre 1914 y los años sesenta.…”

Section: Palavras-chave Grupos Econômicos Grupos Industriais Industriunclassified

Configuration and changes in the structure of an Argentine industrial group during the ISI: Fabril Financiera, 1929-1973

Belini

Badoza

2019

Quinto Sol

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Si bien el Grupo Fabril sobrevivió hasta comienzos de la década de 1990, en este trabajo estudiaremos la conformación, expansión y los inicios del declive en un extenso período que abarca desde el año de su fundación hasta mediados de la década de 1970. El artículo se propone contribuir con nuevas evidencias empíricas, de naturaleza cuantitativa y cualitativa, a la discusión más amplia sobre la participación de los grupos económicos en el desarrollo económico de Argentina en el siglo XX.

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“…Valor Grandes Groups is an annual publication available on the newspaper Valor Econômico, Brazil's leading periodical on business and finance. Information gathered from Valor Grandes Grupos has previously been used in other academic studies (Aldrighi & Postali, 2010;Costa et al, 2013;Xavier, Marcon, & Bandeira-de-Mello, 2013). Data showed that, among the top 200 Brazilian business groups, only 38 run foreign operations.…”

Section: Datamentioning

confidence: 99%

Business group internationalization: choosing a host country according to institutional distance

Gama¹,

Lana²,

Calixto³

et al. 2016

RBGN

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Purpose -This research analyzes to what extent committing resources to the internationalization of family business groups is related to the institutional distance of the host country.Design/methodology/approach -We used OLS panel data with fixed effects.Findings -We identified that family business groups decide to internationalize themselves committing fewer resources to countries that present a positive institutional distance, and that are more institutionally developed than the country of origin. On the other hand, when family business groups choose to expand abroad committing more resources, they tend to invest in countries with a negative institutional distance, and that are less institutionally developed than the country of origin.Originality/value -Our main contribution to existing theory on internationalization of family business groups is to test the relationship between the level of resource commitment by family business groups in their international expansion and the institutional distance between the country of origin and the host country.

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Business Groups in Brazil

Cited by 23 publications

References 0 publications

Do Business Groups Change With Market Development?

Do Business Groups Change With Market Development?

Configuration and changes in the structure of an Argentine industrial group during the ISI: Fabril Financiera, 1929-1973

Business group internationalization: choosing a host country according to institutional distance

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