What does the literature say about business groups and pyramidal
ownership in the period of 1960-2018?
Abstract
This paper aims to analyze the results of the research in pyramidal
structures within the scope of the business groups, based on a
systematic literature review. The research was conducted on two
large-scale journals databases (Web of Science and Scopus), using
VOSviewer, HistCite™, and Iramuteq software. The textual corpus is
consisting of 65 articles and 137 authors and co-authors. Bae et al.
(2002) and Almeida and Wolfenzon (2006) are the most influential for the
research fields. We infer as a conceptual framework that searches in
pyramidal structures are contained in the field of business groups since
they represent a form of organization and representation of ownership
and control. We identify as a theoretical gap the analysis of the
political connections and the social role. Thus, the contributions are
in the sense of presenting a panorama on the themes, supporting future
researches.