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Why are these Islands of Conscious Power Found in the Ocean of Ownership? Institutional and Governance Hypotheses Explaining the Existence of Business Groups in Sweden[Note 1. Address for reprints: Sven‐Olof Collin, Department of Business Administration, ...]
Author(s) -
Collin SvenOlof
Publication year - 1998
Publication title -
journal of management studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 4.398
H-Index - 184
eISSN - 1467-6486
pISSN - 0022-2380
DOI - 10.1111/1467-6486.00117
Subject(s) - corporate governance , government (linguistics) , power (physics) , corporate group , business , economic system , economics , market economy , finance , linguistics , philosophy , physics , quantum mechanics
Four hypotheses concerning the existence of business groups are developed and are tested on two Swedish business groups that were found to provide both government and corporate economy with governance solutions. Swedish culture also appeared supportive of the groups, which were not found to be institutionally inert, building their existence solely on power.