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The Corporate Governance of Business Groups first summarizes how the existing body of literature has defined and studied business groups (BG). It then discusses the arguments for why BGs exist and persist. To provide a contextual understanding of BGs, the authors present the worldwide distribution and structure of these organizations. Gaining an overview of BGs' and their affiliated firms' characteristics allows one to disentangle the various dimensions of their corporate governance, particularly focusing on identifying what we know about how they are governed and where future research should...