The research interest on business groups (BGs) derives from the idea that they may represent an efficient mechanism of resource allocation, which allow affiliated firms to foster their economic and innovative performance.
BGs are defined as sets of companies that are legally distinct, but which are owned and controlled by the same person(s). This may be an individual, members of one family or a coalition of people, who are referred to as the “ultimate owner”, “vertex” or “controlling owner” of the group.
This organizational form between firms is normally adopted by European firms to manage diversified activities.
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