A small number of business houses with diversified businesses control a large part of the country's economy in several nations in Asia. Which of the following is a compelling explanation for this phenomenon? Business groups can act to compensate for institutional voids Family businesses are easier to control The gains from synergies of a multi business strategy is higher than costs associated with it Business groups add value through centralized corporate functions

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter16: Creating An Environment For Growth And Prosperity
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A small number of business houses with diversified businesses control a large part of the country's economy in several nations in Asia.

Which of the following is a compelling explanation for this phenomenon?

Business groups can act to compensate for institutional voids
Family businesses are easier to control
The gains from synergies of a multi business strategy is higher than costs associated with it
Business groups add value through centralized corporate functions
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