Business groups in Pakistan : why did Muslim merchants who migrated to Pakistan form business groups?

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Abstract

This study discusses the reasons why Muhajir Muslim merchants, who emigrated to Pakistan from British India or other countries or regions around the time of the independence of India and Pakistan in 1947, were able to form business groups in Pakistan. In this study, business groups are defined as "a legal group of several independent companies operating in different markets through various formal and informal relationships." In developing countries business groups are often the driving force of the economy. How are business groups formed? When intermediary institutions are dysfunctional, for example in developing markets, business groups can perform some of the functions that more mature institutions might. Further, it is conceivable that monopolistic activities will be permitted in some aspects of the market, in support of government development policies. In this study, we focus on Pakistani society as another factor, from the perspective of "regional" and "personal" connections.

Journal

  • 同志社商学

    同志社商学 73 (6), 1423-1441, 2022-03-14

    The Association of Commerce Doshisha University

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