Business groups in nineteenth and twentieth century Argentina

Barbero, María Inés

doi:10.4337/9781783473649.00008

Cited by 6 publications

(6 citation statements)

References 37 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…34 Another clear trend in 1971 was that 5 per cent of the firms were joint ventures (JEs), 19 per cent were Argentinian companies controlled by business groups, while stand-alone national companies and foreign firms represented 30 per cent and 46 per cent, respectively. In this regard, the companies owned by the so-called new business groups by Barbero (2015), such as Garovaglio/Roberts and Pérez Companc, were strengthened in a closed and regulated economy (Barbero 2015;Barbero and Lluch 2016). These business groups benefited from industrial policies, credits from the National Development Bank (BANADE), and access to international loans with government guarantees.…”

Section: The State-led Industrialisation Periodmentioning

confidence: 99%

“…2 In Argentina's case, historical studies have pointed out that foreign companies have played a key role in the economy and that the business group as an organisational form has become preeminent (Lanciotti and Lluch 2018). 3 Family ownership was the norm in national firms rather than the exception (Barbero 2015;Barbero and Lluch 2016). Other studies have questioned the domain exercised by this type of company on the economic development of the country, as it implies that national income depends upon a few domestic and foreign groups controlling a large number of the big companies (Marichal 1974;Nochteff 1994;Schvarzer, 1995;Barbero 1997;Manzanelli and Schorr 2013;Lanciotti et al 2019).…”

Section: Introductionmentioning

confidence: 99%

“…The preeminence of diversified business groups among large local firms was pointed out byBarbero (2015).16 For the debate around Customs Law, see DíazAlejandro (2002);Lewis (1987) andGerchunoff (2016, pp. 157-158).…”

mentioning

confidence: 99%

See 2 more Smart Citations

The rise and transformation of big business in Argentina (1913–1971)

Lluch,

Lanciotti

2024

RHE / JILAEH

View full text Add to dashboard Cite

This article analyses the structure and changes of large companies based on a new database of the 200 largest non-financial firms operating from 1913 to 1971 in Argentina. The main contribution of the research consists of the elaboration of the rankings of the 200 largest companies according to their paid-up capital between 1913 and 1971 and the construction of a database of large companies based on homogeneous sources and criteria. The study identifies the long-lasting presence of family-based diversified business groups and foreign multinationals from the first global period to the end of Import Substitution Industrialisation. It also shows that the presence of foreign companies among the 200 largest firms is higher than that identified in other countries. The study constitutes the first comprehensive research into big business in Argentina until the 1970s and a first attempt to identify the life cycles of the largest companies in Argentina.

show abstract

Section: The State-led Industrialisation Periodmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

The rise and transformation of big business in Argentina (1913–1971)

Lluch,

Lanciotti

2024

RHE / JILAEH

View full text Add to dashboard Cite

show abstract

“…The individual host country can therefore occupy an important place in historical research. Other studies look at the importance of MNEs and their impact (either positive or negative) on national economic development (Jones, 1987;Bostock and Jones, 1994;Jones and Bostock, 1996;Jones, 2013;Jones and Lluch, 2015;Barbero, 2015;Barbero and Lluch, 2015;Beatty, 2009;Piquet, 2004).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Organizational innovation in the multinational enterprise: Internalization theory and business history

Lopes

Casson

Jones³

2018

J Int Bus Stud

View full text Add to dashboard Cite

This research note engages in a methodological experiment by using historical evidence to challenge a common misperception about internalization theory. The theory has often been criticized for maintaining that it assumes a hierarchically organized MNE based on knowledge flowing from the home country. This is not an accurate description of how global firms operate in recent decades, but this note shows it has never been true historically. Using longitudinal data on individual firms from the nineteenth century onwards, it reveals evidence of how entrepreneurs and firms with multinational activity faced by market imperfections changed the design of their headquarters and their organizational structures.

show abstract

“…Based on these findings, the author proposes the Linking, Leveraging and Learning Paradigm as the most suitable for understanding the process of internationalization of what he calls the "second global 5 According to the Boston Consulting Group, in 2010 there were 115 Latin-American multinationals, the multilatinas, with revenues of U$ 500 million. See: Wells (1988), Chudnovsky and Lópes (1999), Kosacoff (1999), Martinez, Souza, and Liu (2003), Cuervo-Azurra (2007), Haberer, and Kohan (2007), Casanova (2010), Santos (2012), Dalla Costa (2011), and Barbero (2015). 6 The list of Brazilian studies is actually quite extensive, so it is noticeable that this subject has received much notoriety this past decade.…”

Section: The Internationalization In Emerging Marketsmentioning

confidence: 99%

Expansion and internationalization of business companies in Brazil: theoretical/methodological cont

Costa

Saes

Gonçalves

2018

jesb

View full text Add to dashboard Cite

This paper presents the special issue of the Journal of Evolutionary Studies in Business about the internationalization of Brazilian companies. The text aims to shed light on both traditional and new theories of internationalization in order to analyze the trajectories of Brazilian multinationals in light of the world economic scenario of recent decades. This special issue presents five cases of internationalization of Brazilian companies: Embraer, in the aviation sector; WEG, a producer of electric motors; Expocaccer, a coffee cooperative; Gerdau, a company in the steel sector; and Romi, a producer of lathes, machines, and equipment. This introductory article intends to recover theoretical elements about the internationalization of firms and underline the role of the State in the development of Brazilian companies. 3 it was not until the 2000s that Brazilian companies reached positions of greater prominence in the foreign market as a result of new national policies to foster internationalization.In this sense, this introductory article does not aim to make an exhaustive review of the literature on internationalization of companies in Brazil. Instead, it intends to shed light on the path followed by Brazilian firms in their internationalization process. We will pursue this goal by opposing traditional theories of internationalization to the specificities of both the local economic environment and the companies' strategies in recent decades. In doing so, we follow the perspective taken by previous studies that analyzed the business history of emerging markets as an alternative business history by considering the relevance of different institutional and economic structures (Austin, Dávila, and Jones 2017, 538-544).The emerging-economy multinational enterprise debate remains a controversial subject in the international business theory. Recent studies reaffirm the central role of the internationalization theory in the emerging multinational enterprise analysis (Verbeke and Kano 2015, 439; Casson and Wadeson 2018, 1); others, however, underline differences in terms of the headquarters design and enterprise organizational structures as a result of emerging countries' market imperfections (da Silva, Casson, and Jones 2018). This special issue will shed light not only in the Brazilian experience, which received a little attention in the international literature, but also will show the institutional specificities that allowed those companies achieved the international market. Internationalization of companies: from traditional theories to present-day evidenceThe significant presence of Brazilian companies among the ranks of internationalized firms is recent -after all, throughout the twentieth century, this process of expansion to the foreign market was chiefly carried out by central economies. This type of direct investments flow on

show abstract

Business groups in nineteenth and twentieth century Argentina

Cited by 6 publications

References 37 publications

The rise and transformation of big business in Argentina (1913–1971)

The rise and transformation of big business in Argentina (1913–1971)

Organizational innovation in the multinational enterprise: Internalization theory and business history

Expansion and internationalization of business companies in Brazil: theoretical/methodological cont

Contact Info

Product

Resources

About