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| Author: | Dewenter, K. Novaes, W. Pettway, R.H. |
| Title: | Visibility versus complexity in business groups: evidence from Japanese keiretsu |
| Journal: | Journal of Business
2001 : JAN, VOL. 74:1, p. 79-100 |
| Index terms: | COMPLEXITY JAPAN |
| Freeterms: | BUSINESS GROUPS VISIBILITY |
| Language: | eng |
| Abstract: | In this article, the authors examine the potential for external conflicts in large, diversified business groups. On the other hand, these highly visible groups facilitate the detection of opportunistic actions. Accordingly, reputational concerns should effectively constrain group behavior. On the other hand, these groups' complexities hinder outsiders from unveiling group strategies from among a myriad of transactions. This complexity limits the power of reputational concerns to constrain actions. |
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