Business groups and market failures: A focus on vertical and horizontal strategies

被引：28
作者：
Li M. [1 ,2 ]
Ramaswamy K. [3 ]
Pécherot Petitt B.S. [4 ]
机构：
[1] Hohai University, Nanjing
[2] Department of Management, California State University, Northridge, Northridge, CA 91330-8376
[3] Department of Global Business, Thunderbird: The Garvin School of International Management, Glendale, AZ 85306
[4] CERAM Sophia Antipolis, 06902 Sophia Antipolis Cedex, Rue Dostoïevski
来源：
Asia Pacific Journal of Management | 2006年 / 23卷 / 4期
关键词：
Business groups; Diversification; Market failures; Vertical integration;
D O I：
10.1007/s10490-006-9016-1
中图分类号：
学科分类号：
摘要：
Drawing from transaction cost economics and strategic management, this paper develops a series of propositions that link market failure with corporate strategy. In doing so, the paper focuses on both vertical and horizontal strategies as strategic approaches that could be used to address different types of market failure. The significant contribution of the paper lies in its deconstruction of the various types of market failure and developing a theoretically grounded set of propositions that identifies appropriate corporate strategic responses that can be used to ameliorate the negative consequences of each type of failure. In doing so it also explores the evolution of business groups and the viability of strategic choices that groups are likely to make as they navigate the emerging market terrain. © Springer Science+Business Media, LLC 2006.
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页码：439 / 452
页数：13
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