Corporate strategies of business groups in the wake of competitive shocks: Lessons from argentina

Eduardo Fracchia, Luiz Mesquita

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)81-98
Number of pages18
JournalManagement Research
Volume4
Issue number2
DOIs
StatePublished - Jan 1 2006

Keywords

  • Argentina
  • Decision making style
  • Market liberalization
  • Strategy

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management

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