Business groups and social welfare in emerging markets: Existing evidence and unanswered questions

By Tarun Khanna. 2000

315 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/ffb4f74c312ee5e03650b3404b471e19a86f46f3

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Citations in the corpus

Shareholder Protection: A Leximetric Approach (2007, unknown): “com/abstract=649857; T Khanna, Business groups and social welfare in emerging markets: Existing evidence and unanswered questions, (2000) 44 European Economic Review 748-761.”
Financially Interlinked Business Groups (2001, unknown): “Studies covering various countries [see Khanna (2000) for an excellent survey] nd that rms associated with business groups show better nancial performance and productivity as well as better risk sharing than unafliated rms. While these may be explained by the presence of better mutual monitorin”
Privatization and Corporate Governance : Principles, Evidence, and Future Challenges (2001, background): “Khanna (2000), among others, describes the widespread use of family-centered and ethnic-based business groups in the developing world and demonstrates that performance of group firms relative to nongroup firms can be quite strong.”
Corporate Governance in Asia: A Survey (2002, unknown): “An exception is Khanna and Palepu (1999) who examine the role of business groups in Chile and India during periods of financial deregulation. Conventional wisdom would predict the economic roles of groups to weaken with market deregulation. On the contrary, they report increase in both group scope a”
A Theory of Pyramidal Ownership and Family Business Groups (2005, unknown): “2See, among others, Claessens, Djankov, and Lang (2000) for the evidence on East Asia, Faccio and Lang (2002) and Barca and Becht (2001) for Western Europe, Khanna (2000) for emerging markets, and Morck, Strangeland and Yeung (2000) for Canada.”
Corporate Governance, Economic Entrenchment and Growth (2005, unknown): “For example, Khanna (2000) argues cogently that the Tata pyramidal group of India is social welfare enhancing because it substitutes for imperfect capital markets in that country and thus allows entrepreneurs inside the group to obtain financing that would otherwise be unavailable.”
Perspectives on China's outward foreign direct investment (2008, background): “It is possible that, with a less-developed financial system in China, firms hold more cash internally to get ready for growth opportunities, especially when the capital markets are deficient (Khanna, 2000).”
The Performance of Group‐affiliated Firms during Institutional Transition: A Longitudinal Study of Indian Firms (2009, background): “First, group definition varies substantially across countries, and it is problematic to develop a study covering several countries (Khanna, 2000).”
Facilitating Development: The Role of Business Groups (2004, background): “We are certainly not claiming that this is the reason for the existence of business groups––certainly, there are many (see, for example, Amsden & Hikino, 1994; Ghemawat & Khanna, 1998; Granovetter, 1994; Khanna, 2000; Leff, 1976).”
The Value-relevance of Earnings and Book Value, Ownership Structure, and Business Group Affiliation: Evidence From Korean Business Groups (2007, unknown): “Khanna and Palepu (2000) argue that business groups in developing countries can mimic the beneficial functions of various market mechanisms that are present only in advanced economies.”
The Evolution of Concentrated Ownership in India Broad patterns and a History of the Indian Software Industry (2004, unknown): “These data are from Khanna and Palepu (2000). group firms was 1.39 (1.14), insignificantly different from the mean (median) value of 1.37 (1.06) for the nongroup firms.”
Business groups in China (2013, methodology): “The OLS regressions, as noted in prior studies (e.g., Khanna, 2000), are prone to selection bias and a potential endogeneity problem, as the group-affiliation sample may be selected based on some unobservable factors and these factors could influence the variation in financial constraints across…”
Information or influence? The benefits of experience for managing political uncertainty (2004, background): “At one level, this result is intuitive, as it highlights the shortage of reliable information in countries characterized by institutional voids (Khanna, 2000).”