- 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
It may seem odd to claim that the modern-day economics of organization actually pays far too little attention to institutions. Although its subject is itself an institution—the firm and its various alternatives—the economics of organization does not make much analytical use of institutions in the wider senses. This observation is related to the much more common claim that the economics of organization does not make adequate use of history. By contrast, the literature on business groups around the world is thick with both institutional and historical detail. This article discusses the economics of organization and the economics of institutions more broadly, and suggests the ways in which those theoretical strands can help to organize the institutional and organizational facts about business groups. It also examines the ways in which the facts about business groups can influence how people think theoretically about the boundaries of the firm.
Richard N. Langlois is Professor of Economics at the University of Connecticut, United States. His research interests include the economics of organization, the economics of social institutions, and business history. He is the author of Firms, Markets, and Economic Change: A Dynamic Theory of Business Institutions (with Paul L. Robertson) (Routledge, 1995) and The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).
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