- 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 Keiretsu?
- 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
Like many other economies, the Singaporean economy is dominated by business groups. As in a number of other East and South East Asian economies, family-controlled business groups control a high stake of the economy in Singapore. However, unlike many others, the Singaporean economy has a predominance of government-linked business groups rather than family-controlled ones. These groups are constituted by unusual hybrids of state and private enterprises. This article describes the characteristics of the largest business groups and outlines the political and economic contexts of Singapore. It summarizes the emergence and growth of the business groups as well as their change in the historical contexts of Singapore and the region, with a specific focus on the extent of the changes in these groups by 2006 as compared to 1997 when the Asian economic crisis occurred. It also examines the competitive capabilities of these groups.
Lai Si Tsui‐Auch is Associate Professor at Nanyang Business School, Nanyang Technological University of Singapore, Singapore. Her research focuses on business groups, state–capital relations, corporate governance reforms, and multinational corporations in emerging economies. Her research has been published in such journals as Organization Science, Journal of International Business Studies, Organization Studies, Journal of Management Studies, Management Learning, Journal of Asian Business, Best Paper Proceedings of the Academy of Management, International Sociology, International Journal of Urban and Regional Research, and Development and Change.
Toru Yoshikawa is Professor of Strategic Management at the DeGroote School of Business, McMaster University, in Canada. His main research interest is corporate governance, especially its relation to corporate strategy and performance in large publicly listed firms and in family‐owned firms. His research has been published in such journals as the Academy of Management Journal, Strategic Management Journal, Organization Science, Journal of Management, Organization Studies, and Journal of Business Venturing.
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