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Corporate Strategies of Busines Groups in the Wake of Competitive Shocks: Lessons from Argentina

Corporate Strategies of Busines Groups in the Wake of Competitive Shocks: Lessons from Argentina Conventional economic and management theories explain that business groups facing market liberalization policy reforms (i.e., competitive shocks) would have incentives to reduce corporate portfolios and increase internationalization. We empirically examine the strategic responses of Argentine business groups and, through an inductive theory building process, propose refinements to this theory. We argue that such a strategy process is moderated not only by differences in market forces set out by policy reforms across different economic segments but also by the path dependency of resources and capabilities as well as management decision‐making style of individual business groups. We discuss implications for theory and practice. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Research The Journal of the Iberoamerican Academy of Management Emerald Publishing

Corporate Strategies of Busines Groups in the Wake of Competitive Shocks: Lessons from Argentina

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References (42)

Publisher
Emerald Publishing
Copyright
Copyright © 2006 Emerald Group Publishing Limited. All rights reserved.
ISSN
1536-5433
DOI
10.2753/JMR1536-5433040201
Publisher site
See Article on Publisher Site

Abstract

Conventional economic and management theories explain that business groups facing market liberalization policy reforms (i.e., competitive shocks) would have incentives to reduce corporate portfolios and increase internationalization. We empirically examine the strategic responses of Argentine business groups and, through an inductive theory building process, propose refinements to this theory. We argue that such a strategy process is moderated not only by differences in market forces set out by policy reforms across different economic segments but also by the path dependency of resources and capabilities as well as management decision‐making style of individual business groups. We discuss implications for theory and practice.

Journal

Management Research The Journal of the Iberoamerican Academy of Management – Emerald Publishing

Published: Jul 1, 2006

Keywords: Market liberalization; Strategy; Decision making style; Argentina

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