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Elite Business Group Needs to Add DiversityAbraham, Yvonne
This study is associated with several strands of the literature. First, we contribute to the business group literature by using Chinese data. We investigate the role of a business group as an internal capital market and in risk sharing and firm performance. More importantly, we examine how owner...
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• Terms and conditions of featured products and services in the Business Elite Program will still apply. • Falling below the required threshold may result in the loss of privileges. (Regular monitoring of CASA/Loan levels will be in place. Downgrades may be scheduled to happen semi-annuall...
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and Africa. Very large pyramidal BGs can have political economy implications if they concentrate economic power with whatever elite controls the apex firms of their country’s pyramidal BGs (Claessens, Djankov, & Lang,2000; Faccio & Lang,2002; Masulis, Pham, & Zein,2011). A large pyramidal BG...
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