Responses to Institutional Voids - Clusters and Business Groups - Substitutes or Complements?

Upadhyayula Rajesh Srinivas ()
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Upadhyayula Rajesh Srinivas: Indian Institute of Management Kozhikode

No 279, Working papers from Indian Institute of Management Kozhikode

Abstract: While extant literature highlight business groups as a response to institutional voids, recent studies emphasized that business groups continue to persist because of the information advantages they possess. Studies in the developed economy context have shown that firms in clusters could benefit significantly from the information advantages and perform better than firms outside clusters. In this study, we examine if clusters serve as an alternative response to business groups. We also examine if clusters and business groups serve as complements or substitutes.

Keywords: Business (search for similar items in EconPapers)
Pages: 3 pages
Date: 2018-05
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