Title :
Explanation of Business Group Building: An Empirical Analysis
Author :
Zhang Tianshu ; Huang Jun
Author_Institution :
Accounting Sch., Shanghai Inst. of Foreign Trade, Shanghai, China
Abstract :
In this paper we investigate how business group is built from an emerging market perspective. We find that property rights, market development and financial institution are important determinants of business group. Business group is popular when investor protection is weak; the less developed the market, the more possible to build up business group; and the development of financial institution reduces the incentive of group formation.
Keywords :
financial management; investment; organisational aspects; business group building; emerging market; financial institution; group formation; investor protection; market development; property rights; Contracts; Costs; Economic indicators; Exchange rates; Finance; Government; Information analysis; Information science; Marketing and sales; Protection;
Conference_Titel :
Information Science and Engineering (ICISE), 2009 1st International Conference on
Conference_Location :
Nanjing
Print_ISBN :
978-1-4244-4909-5
DOI :
10.1109/ICISE.2009.573
