... findings about the performance of the business groups, this study examines the performance of business groups in Pakistan for a relatively long period from 2003 to 2018. Design/methodology/approach The study uses 3,821 firm-year observations from non-financial firms listed on the Pakistan Stock...

...Kader Sahin; Ekrem Tatoğlu; Kubra Mert; Tuğba Kaplan; Ismail Golgeci Purpose This paper aims to investigate the internationalization motives behind location choice among emerging country business groups (EBGs) and the way in which institutional factors affect Türkiye’s foreign direct investment...

... evidence. This study examines how founder CEOs affect firm value in the business group context while controlling for firm-specific variables and various CEO characteristics. Design/methodology/approach The authors use a sample of publicly listed Indian firms from 2010 to 2015 with 997 firm-year data...

... in the robustness test. Findings This study finds that firms affiliated with business groups demonstrate lower R&D investment–cash flow sensitivity than non-affiliated firms do and that R&D investments are significantly influenced by the cash reserves of other group members. In terms of financing...

...Anish Purkayastha Purpose The purpose of this paper is to explore the existing mechanism through which business group affiliated firms in emerging markets (EMs) continue to generate superior performance. Design/methodology/approach The authors build our argument on the basis of how business...