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The Small Worlds of Corporate Governance$
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Bruce Kogut

Print publication date: 2012

Print ISBN-13: 9780262017275

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262017275.001.0001

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The Small Worlds of Business Groups: Liberalization and Network Dynamics

The Small Worlds of Business Groups: Liberalization and Network Dynamics

Chapter:
(p.77) 3 The Small Worlds of Business Groups: Liberalization and Network Dynamics
Source:
The Small Worlds of Corporate Governance
Author(s):

Jon Brookfield

Sea-Jin Chang

Israel Drori

Shmuel Ellis

Sérgio G. Lazzarini

Jordan I. Siegel

Juan Pablo von Bernath Bardina

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262017275.003.0056

This chapter examines the impact of economic liberalization on business ownership networks in six major emerging economies which include Brazil, Chile, Israel, Mexico, South Korea, and Taiwan. It describes the institutional differences in these countries and analyzes the effect of these differences on the local structure of ownership networks and the configuration of business groups. It also provides data on the specific impact of liberalization on centralization of governance, directors’ networks, and potential implications for competitiveness.

Keywords:   economic liberalization, business ownership, emerging economies, institutional differences, business groups, directors’ networks, competitiveness

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