Legislators and regulators around the globe are increasingly seeking to hold multinational companies accountable for human rights and environmental abuses in their supply chains, even when the harm is primarily caused by a subsidiary or business partner. This paper examines such supply chain...

Although business groups are prevalent globally, limited attention is paid to how financial pressure transmission between parent and subsidiary firms elicits tax avoidance. We explore the impact of parent firms' dividend policy on their subsidiaries' tax strategy using China's mandatory dividend...

This paper aims to assess the influence of the SARS-CoV-2 pandemic on the accrual-based earnings management patterns in non-financial business groups in the Warsaw Stock Exchange (WSE). This study contributes to the existing literature by considering earnings manipulation behaviours in assessing...

Our study investigates the impact of the November 2020 to November 2022 Tigray war on youth groups and their members based on survey data from 281 youth group leaders and 2528 youth group members in five districts in the Tigray region of northern Ethiopia. The data was collected from August to...

This study examines the impact of the geopolitical risk (GPR) on the environmental, social, and governance (ESG) activities of South Korean business groups. Our empirical results indicate that GPR is positively associated with the ESG activities of South Korean firms, and this relationship is...

We analyse changes in market structure in India between 2000 and 2020 using a rich dataset at high levels of disaggregation. We examine the extent to which business groups - notably family-owned groups - have maintained dominant market positions in the Indian economy. We focus on two key...

This study examines the impact of corporate social responsibility (CSR) expenditure on the corporate performance of listed firms in India. It tries to explore the effect of business group affiliation and mandatory CSR norm on the CSR-performance relationship. The study period ranges from 2016 to...

This study aims to determine the influence of the industry group business on international acquisition diversification with private ownership and strategic asset seeking as moderating variables. Using resource-based and institutional theory, this study hypothesizes that the industry group...

Using arguments from the behavioral theory of the firm, agency theory, and the literature on internal capital markets, this article investigates the relationship between financial slack and firms' profitability in standalone versus business group-affiliated firms. Using a large sample of French...

Our study investigates how the devastating 2020-2022 Tigray War has affected the social preferences, reciprocity norms, and trust in a large sample of rural young adults in Tigray, Ethiopia, belonging to rural business groups. We rely on field experimental data with standardized incentivized...

Purpose Coopetition is ubiquitous in the economy, but managing effectively this type of relationship between firms remains a challenge for many organizations. This paper investigates the coopetition within corporate groups and focus on factors that determine the simultaneous competition and...

This study aims to investigate the outward foreign direct investment (FDI) location choices of leading Turkish business groups (TBGs) regarding internationalization motives, dynamic capabilities (DC), and institutional context. The scope of the study consists of eleven multinational TBGs with...

Ziel der Arbeit ist der Beitrag zu einem bislang wenig entwickelten Diskussionsstand und einem zukünftig hoffentlich erhöhten Problembewusstsein über die Rechte und besonderen Verhaltenspflichten von Vorstandsmitgliedern im Anschluss an Unternehmensübernahmen. Die Arbeit wird aus den in...

It is now well-established that Business Groups (BGs) - an inimitable multi-firm structure that enables legally distinct firms to take coordinated action, constitutes a dominant organizational form in many economies around the world. The BG phenomenon has attracted sustained scholarly attention...

This Article examines how corporate law treats legal entity boundaries in groups of companies. This is a critical question given that large corporations typically have hundreds of subsidiaries. Investigating the treatment of this question in key jurisdictions over time reveals an overlooked...

We exploit the rich data of business groups in China and identify sell-side analysts following multiple listed firms within a business group (BG analysts). For a group firm, we find that BG analysts issue more accurate forecasts than non-BG analysts. Such an effect is more pronounced when the...

In this paper, we study whether firms belonging to business groups (BG) have superior operating performance relative to stand-alone firms during the ongoing COVID-19 (COVID) pandemic. Our research is motivated by mixed empirical evidence on the performance of BG-affiliated firms. Using return on...

We examine how banks perceive and price related party transactions (RPTs) into the cost of debt for borrowers affiliated with a business group. For this, we use a unique dataset that brings together information on RPTs, ownership structure, and syndicated loans of Asian firms. Our results show...

Research Question/Issue: This is a study of the relationship between business group ownership and constituent firms' adoption of Anglo-American shareholder value governance in African firms at the undertaking of an initial public offering (IPO).Research Findings/Insights: We find business group...

This paper examines the role of a related bank in the investment efficiency of business-group firms. We show that a bank is associated with less investment sensitivity to investment opportunities for family group firms, especially in financially dependent industries. There is evidence of...

Based on resource dependence theory we argue for an influence of business groups (BGs) on the board composition of constituent offshore financial multinational enterprises (FMNEs). Using a unique sample of 171 Caribbean FMNEs in an inter-island BG setting, we find BGs’ control in constituent...

It has been argued that Asia's remarkable economic achievements of the past 50 years build on institutional arrangements very different from the West, notably the central role of business groups (BGs). As Asian economies move from extensive to intensive growth, we enquire whether the business...