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Author:Khanna, T.
Palepu, K.
Title:Policy shocks, market intermediaries, and corporate strategy: the evolution of business groups in Chile and India
Journal:Journal of Economics and Management Strategy
1999 : SUMMER, VOL. 8:2, p. 271-310
Index terms:MANAGEMENT
ECONOMICS
CHILE
INDIA
Language:eng
Abstract:Numerous countries have undergone rapid transitions in their economic environments. Yet, little is known about firms' responses to such transitions. The authors use field-collected data to study the evolution of eighteen large and diversified business groups in Chile (1987-1997) and India (1990-1997). The chosen periods correspond to significant deregulation in the primary markets in both countries. Conventional wisdom suggests that the intermediation roles played by business groups ought to decrease during these periods. The findings contradict this view.
SCIMA record nr: 203866
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