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Keywords: Institutional and transaction cost theories
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Journal Articles
The performance of business groups during institutional transition and economic downturn in a developing country
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International Journal of Emerging Markets (2024) 19 (11): 4286–4305.
Published: 27 February 2023
... growth is noted till 2008, along with the highest ratio of capital to the gross domestic product (GDP) and foreign direct investment (FDI) to GDP. Institutional and transaction cost theories identify that higher market imperfections may have advantageous effects on business group performance...
