caa a22 4500 467939748 CHVBK 20180406153008.0 cr unu---uuuuu 170328e20061201xx s 000 0 eng 10.1007/s10490-006-9016-1 doi (NATIONALLICENCE)springer-10.1007/s10490-006-9016-1 Business groups and market failures: A focus on vertical and horizontal strategies [Elektronische Daten] [Mingfang Li, Kannan Ramaswamy, Barbara Pécherot Petitt] 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 Business groups nationallicence Diversification nationallicence Vertical integration nationallicence Market failures nationallicence Li Mingfang Hohai University, Nanjing, China aut Ramaswamy Kannan Department of Global Business, Thunderbird: The Garvin School of International Management, 15249 N. 59th Avenue, 85306, Glendale, AZ, USA aut Pécherot Petitt Barbara CERAM Sophia Antipolis, Rue Dostoïevski, BP 85, 06902, Sophia Antipolis Cedex, France aut Asia Pacific Journal of Management Springer US; http://www.springer-ny.com 23/4(2006-12-01), 439-452 0217-4561 23:4<439 2006 23 10490 https://doi.org/10.1007/s10490-006-9016-1 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10490-006-9016-1 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Li Mingfang Hohai University, Nanjing, China aut NATIONALLICENCE 700 1- Ramaswamy Kannan Department of Global Business, Thunderbird: The Garvin School of International Management, 15249 N. 59th Avenue, 85306, Glendale, AZ, USA aut NATIONALLICENCE 700 1- Pécherot Petitt Barbara CERAM Sophia Antipolis, Rue Dostoïevski, BP 85, 06902, Sophia Antipolis Cedex, France aut NATIONALLICENCE 773 0- Asia Pacific Journal of Management Springer US; http://www.springer-ny.com 23/4(2006-12-01), 439-452 0217-4561 23:4<439 2006 23 10490 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer