Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 21 October 2019

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.

Keywords: modern-day economics, business groups, firm, economics of organization, economics of institutions

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.