Why business groups (think Samsung or Tata Group) have an export advantage in emerging markets

With their superior access to capital, knowledge and labour, business groups offer many advantages to their affiliated firms. Daniel Shapiro, Saul Estrin, Michael Carney and Zhixiang (Steven) Liang write that these advantages extend to international markets, as group members are better exporters than non-affiliated firms. They also show that business group advantages are greater as market institutions strengthen and reduced when political institutions are more democratic.