The effect of business groups on economic performance is controversial, both theoretically and em... more The effect of business groups on economic performance is controversial, both theoretically and empirically. We hypothesized that the seemingly contradictory empirical results can be explained by the differentiated governance structure of the business groups and, in particular, the role of social ties (family ties and interlocking directorates). Using a sample of Chilean firms, we analyzed the effects of social ties
The effect of business groups on economic performance is controversial, both theoretically and em... more The effect of business groups on economic performance is controversial, both theoretically and empirically. We hypothesized that the seemingly contradictory empirical results can be explained by the differentiated governance structure of the business groups and, in particular, the role of social ties (family ties and interlocking directorates). Using a sample of Chilean firms, we analyzed the effects of social ties
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Papers by Francisca Silva