Introduction
Business groups (BGs) are a collection of legally independent firms, operating in multiple and often unrelated industries, connected via equity stakes, interlocking directorates, informal ties, and others (Khanna and Yafeh 2007; Ararat et al. 2017; Colpan and Hikino 2010). BGs play a dominating role in many emerging economies. While past literature assumed that business groups could only exist in the absence of well-functioning markets as a functional substitute (Leff 1978), this assumption is challenged by the prevalence of BGs not only in less developed but also in mature economies (see Colpan and Hikino 2018). In spite of the growing attention BGs have received in the last few decades, past work in the management literature has focused on certain aspects of BGs such as the reasons for their existence and persistence, their diversification conduct, and pyramidal structures. Somewhat surprisingly, their strategies and practices that fall under the notion of “corporate...
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Ararat, M., Colpan, A.M., Matten, D. (2020). Corporate Social Responsibility in Business Groups. In: Poff, D., Michalos, A. (eds) Encyclopedia of Business and Professional Ethics. Springer, Cham. https://doi.org/10.1007/978-3-319-23514-1_1209-1
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DOI: https://doi.org/10.1007/978-3-319-23514-1_1209-1
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