- List of Figures
- List of Tables
- Notes on Contributors
- Foundations of Business Groups: Towards an Integrated Framework
- Business Groups in Historical Perspectives
- Business Groups in Prewar Japan: Historical Formation and Legacy
- Business Networks in Postwar Japan: Whither the <i>Keiretsu</i>?
- Business Groups in South Korea
- Business Groups in Taiwan
- Business Groups in China
- Business Groups in Thailand
- Business Groups in Singapore
- Business Groups in India
- Business Groups in Argentina
- Business Groups in Brazil
- Business Groups in Chile
- Business Groups in Mexico
- Business Groups in Israel
- Business Groups in Turkey
- Business Groups in Russia
- Business Groups in South Africa
- Business Groups in Emerging Markets: Paragons or Parasites?
- The Riddle of the Great Pyramids
- Economic Institutions and the Boundaries of Business Groups
- Business Groups and the State: The Politics of Expansion, Restructuring, and Collapse
- Corporate Governance of Business Groups
- The Kin and the Professional: Top Leadership in Family Business Groups
- Diversification Strategy and Business Groups
- Capability Building in Business Groups
- Technological Innovation and Business Groups
Abstract and Keywords
The objective of this article is to examine the evolution of family business groups in India, one of the fastest-growing emerging economies in recent times and a country where business groups have been an integral part of the economy ever since formal industrial activity took its roots in the country around the latter half of the nineteenth century. This article seeks to provide a historical overview of the process of evolution of Indian business groups in economic activity, focusing specifically on the dynamics underlying its persistence and resilience as a dominant organizational form despite significant changes in the institutional environment from time to time. In doing so, this article seeks to highlight, in light of the existing theoretical and empirical literature on business groups, important elements of their organizational structure, diversification strategies, their governance and performance, and finally on changes in their competitive capabilities, if any, over time.
Jayati Sarkar is Associate Professor at the Indira Gandhi Institute of Development Research, India. Her current research interests include ownership and corporate governance in India and emerging economies. Her research has been published in such journals as International Review of Finance, Journal of Comparative Economics, and Economics of Transition. She is also the co‐author (with Subrata Sarkar) of “Ownership and Firm Performance,” in Kaushik Basu (ed.), Oxford Companion to Economics in India (Oxford University Press, 2007).
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