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per share, versus 63 cents for the previous year's quarter. This was "just a decline in earnings of about 19 percent", not an actual loss or a corporate scandal, and "yet the stock was crushed, plummeting from $ 90 to $ 53". It would take two more years before it was clear that the conglomerate fad was on its way out. The stock market eventually figured out that the conglomerates' bloated and inefficient businesses were as cyclical as any others—indeed, it was that cyclical nature that had caused such businesses to be such undervalued acquisition targets in the first place—and their descent put "the lie to the claim that diversification allowed them to ride out a downturn." A major selloff of conglomerate shares ensued. To keep going, many conglomerates were forced to shed the new businesses they had recently purchased, and by the mid-1970s most conglomerates had been reduced to shells. The conglomerate fad was subsequently replaced by newer ideas like focusing on a company's
2135:, while many of their acquisitions were located in the country's interior. Many interior cities were devastated by repeatedly losing the headquarters of corporations to mergers, in which independent ventures were reduced to subsidiaries of conglomerates based in New York or Los Angeles. Pittsburgh, for example, lost about a dozen. The terror instilled by the mere prospect of such harsh consequences for executives and their home cities meant that fending off takeovers, real or imagined, was a constant distraction for executives at all corporations seen as choice acquisition targets during this era.
2119:
previous price-earnings ratio, and then it could repeat the whole process with a new target. In plain
English, conglomerates were using rapid acquisitions to create the illusion of rapid growth. In 1968, the peak year of the conglomerate fad, U.S. corporations completed a record number of mergers: approximately 4,500. In that year, at least 26 of the country's 500 largest corporations were acquired, of which 12 had assets above $ 250 million.
42:
1795:
2697:
159:
2563:, Challenge Corporation, and Tasman Pulp & Paper, in an attempt to create a New Zealand-based multi-national company. At the time, the newly merged company dealt in construction, building supplies, pulp and paper mills, forestry, and oil & gas. Following a series of bungled investments, the company demerged in the early 2000s to concentrate on building and construction.
2741:
by a bad year in its insurance business. This advantage is enhanced by the fact that the business cycle affects industries in different ways. Financial
Conglomerates have very different compliance requirements from insurance or reinsurance solo entities or groups. There are very important opportunities that can be exploited, to increase shareholder value.
2740:
Diversification results in a reduction of investment risk. A downturn suffered by one subsidiary, for instance, can be counterbalanced by stability, or even expansion, in another division. For example, if
Berkshire Hathaway's construction materials business has a good year, the profit might be offset
2122:
All this complex company reorganization had very real consequences for people who worked for companies that were either acquired by conglomerates or were seen as likely to be acquired by them. Acquisitions were a disorienting and demoralizing experience for executives at acquired companies—those who
2138:
The chain reaction of rapid growth through acquisitions could not last forever. When interest rates rose to offset rising inflation, conglomerate profits began to fall. The beginning of the end came in
January 1968, when Litton shocked Wall Street by announcing a quarterly profit of only 21 cents
2118:
The relatively lax accounting standards of the time meant that accountants were often able to get away with creative mathematics in calculating the conglomerate's post-acquisition consolidated earnings numbers. In turn, the price of the conglomerate's stock would go up, thereby re-establishing its
2901:
in this one entity allowed it to gain better deals for all of its business units. For example, the promise of playlisting (allegedly, sometimes, coupled with the threat of blacklisting) on its radio stations was used to secure better deals from artists performing in events organized by the
2776:
Accounting disclosure is less useful information, many numbers are disclosed grouped, rather than separately for each business. The complexity of a conglomerate's accounts makes it harder for managers, investors, and regulators to analyze and makes it easier for management to hide
2163:
rather than manipulation of paper return on investment. Companies with this orientation would only make acquisitions or start new branches in other sectors when they believed this would increase profitability or stability by sharing risks. Flush with cash during the 1980s,
2107:(issuing the latter two would effectively dilute its shareholders down the road, but many shareholders at the time were not thinking that far ahead). The conglomerate would then add the target's earnings to its earnings, thereby increasing the conglomerate's overall
2329:, evolved. Whereas the Western model of conglomerate consists of a single corporation with multiple subsidiaries controlled by that corporation, the companies in a keiretsu are linked by interlocking shareholdings and a central role of a bank.
2936:, creating the largest media corporation, with revenue equal to roughly thirty six billion dollars. Since Walt Disney owns ABC, it controls its news and programming. Walt Disney also acquired most of Fox, for over $ 70 billion. When
2780:
Conglomerates can trade at a discount to the overall individual value of their businesses because investors can achieve diversification on their own simply by purchasing multiple stocks. The whole is often worth less than the sum of its
2457:
is a type of conglomerate owned and operated by a family. A chaebol is also inheritable, as most of the current presidents of chaebols succeeded their fathers or grandfathers. Some of the largest and most well-known Korean chaebols are
2910:, and in 2007 the company divested their television stations to other firms, some of which Clear Channel holds a small interest in. Live Nation owns the events and concert venues previously owned by Clear Channel Communications.
3117:
2244:. It followed a rather different timescale than the U.S. examples mentioned above, as it was founded in 1964 and ceased to be a conglomerate when it split itself into four separate listed companies between 1995 and 1997.
2237:, established the most powerful private economic conglomerate in 1920s Europe – Stinnes Enterprises – which embraced sectors as diverse as manufacturing, mining, shipbuilding, hotels, newspapers, and other enterprises.
2862:
included several tenuously linked businesses during the 1990s and 2000s, including
Internet access, content, film, cable systems, and television. Their diverse portfolio of assets allowed for cross-promotion and
2090:
to the target's shareholders at a princely premium to the target's current stock price. Upon obtaining shareholder approval, the conglomerate usually settled the transaction in something other than cash, like
2204:
since 1976), investors could more easily obtain diversification by owning a small slice of many companies in a fund rather than owning shares in a conglomerate. Another example of a successful conglomerate is
2973:. In most cases, Internet conglomerates consist of corporations that own several medium-sized online or hybrid online-offline projects. In many cases, newly joined corporations get higher
2255:(AD1816), (British companies, one Scottish one English; companies that have a history of over 150 years and have business interests that span across four continents with a focus in Asia.)
3833:
3722:
Google Books incorrectly indicates that this book was authored by Thomas Nelson, but the first page of this work indicates that the correct author is Andrew J. Sherman.
1986:
driven by low interest rates and leveraged buyouts. However, many of them collapsed or were broken up in the 1980s due to poor performance, accounting scandals, and
2897:
operations, together with many concert venues across the US and a diverse portfolio of assets in the UK and other countries around the world. The concentration of
3254:
2341:
are some of Japan's best-known keiretsu, reaching from automobile manufacturing to the production of electronics such as televisions. While not a keiretsu,
2019:
4163:
3784:
1825:
4105:
708:
2748:
if the external one is not developed enough. Through the internal market, different parts of the conglomerate allocate capital more effectively.
2127:
found themselves at the mercy of the conglomerate's executives in some other distant city. Most conglomerates' headquarters were located on the
3802:
3675:
424:
666:
3005:
had an annual combined turnover of $ 80 bn. Although
Phillip Morris International and Kraft Foods were spun off into independent companies.
3986:
3956:
3912:
2274:(AD1816) (or Swire Pacific) Started by Liverpool natives the Swire family, which controls a wide range of businesses, including property (
3825:
1908:, which are legally independent but financially and strategically dependent on the parent company. Conglomerates are often large and
4158:
106:
621:
2969:, Google's parent company belong to the modern media conglomerate group and play a major role within various industries, such as
830:
78:
59:
4114:
4053:
4023:
2646:
1897:
1818:
894:
525:
334:
17:
3855:
85:
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2906:, but are a clear advantage of the conglomerate strategy. On December 21, 2005, Clear Channel completed the divestiture of
2160:
513:
457:
416:
2933:
395:
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A conglomerate can show earnings growth, by acquiring companies whose shares are more discounted than its own. In fact,
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1522:
183:
92:
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2952:) after originally merged in 2000 with Viacom as the surviving company while also Viacom divested CBS in 2006 due to
1379:
462:
125:
3930:
3869:
Michelle C. Bligh (2006). "Surviving Post-merger 'Culture Clash': Can
Cultural Leadership Lessen the Casualties?".
3672:"Hitachi Ltd – Company Profile; Information, Business Description, History, Background Information on Hitachi, Ltd"
2828:
2217:
which used surplus capital from its insurance subsidiaries to invest in businesses across a variety of industries.
2011:
1811:
1428:
539:
440:
3169:"The Decline and Fall of the Conglomerate Firm in the 1980s: The Deinstitutionalization of an Organizational Form"
4342:
4091:
2185:
2132:
2128:
1912:
that have a global presence and a diversified portfolio of products and services. Conglomerates can be formed by
74:
2172:, which in 2005 accounted for about 45% of the company's net earnings. GE formerly owned a minority interest in
4148:
2796:
where the brand loses its brand associations with a market segment, product area, or quality, price, or cachet.
2606:
2350:
63:
2267:, (both Asian-owned companies specialize business such as real estate and hospitality with a focus in Asia.)
1799:
1544:
1454:
1105:
365:
299:
30:
3775:
3173:
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549:
4259:
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2707:
2514:
2437:
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823:
736:
213:
4138:
2642:
2622:
1682:
432:
208:
193:
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4311:
2680:
1909:
1687:
1466:
1408:
1110:
942:
781:
716:
505:
375:
203:
3798:
3671:
3086:
3041:
2844:
2083:
2015:
1702:
1677:
1413:
1123:
1057:
1027:
676:
543:
218:
178:
3606:
Deep Value: Why
Activist Investors and Other Contrarians Battle for Control of Losing Corporations
3352:
Deep Value: Why
Activist Investors and Other Contrarians Battle for Control of Losing Corporations
3222:
Deep Value: Why
Activist Investors and Other Contrarians Battle for Control of Losing Corporations
99:
4065:
2917:
2672:
2657:
2441:
2362:
1692:
1672:
1657:
1612:
1438:
1183:
1163:
1114:
1100:
1095:
1091:
1052:
846:
385:
306:
52:
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2650:
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1913:
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224:
188:
142:
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1972:
1928:
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1326:
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1158:
1119:
867:
641:
173:
4077:
2477:
In India, family-owned enterprises became some of Asia's largest conglomerates, such as the
2376:, but there is a substantial number of private conglomerates. Notable conglomerates include
4194:
4045:
2974:
2676:
2529:
2385:
2346:
1697:
1622:
1607:
1494:
1484:
1461:
1401:
1369:
1271:
1213:
975:
872:
766:
703:
2811:) as evidential of these disadvantages, while other traders believe this tendency to be a
8:
4301:
4143:
3732:
2812:
2634:
2626:
2433:
2233:, permitting entrepreneurs to buy businesses at rock-bottom prices. The most successful,
2112:
1779:
1762:
1747:
1597:
1574:
1559:
1479:
1443:
1418:
1374:
1246:
1236:
1218:
1086:
1042:
957:
937:
741:
495:
467:
321:
294:
289:
279:
4200:
4080:– an example of how conglomerates were used in the 1960s to manufacture earnings growth
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3198:
3036:
3026:
2868:
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2824:
2760:
2618:
2556:
2522:
2494:
2478:
2425:
2210:
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2148:
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1960:
1917:
1742:
1617:
1602:
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1554:
1549:
1499:
1423:
1331:
1296:
987:
661:
581:
554:
234:
229:
198:
1990:
regulation. In contrast, conglomerates have remained prevalent in Asia, especially in
4249:
4153:
4049:
4029:
4019:
3890:
3746:
3736:
3704:
3644:
3610:
3576:
3539:
3505:
3464:
3427:
3390:
3356:
3315:
3226:
3190:
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2598:
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2256:
2144:
2100:
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1722:
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721:
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354:
316:
311:
2679:, which controls a large portion of the economic activities as well as media in the
2541:
4235:
3878:
3182:
2970:
2949:
2937:
2929:
2898:
2756:
2545:
2429:
2289:
2275:
2248:
2165:
2104:
2082:. The trick was to look for acquisition targets with solid earnings and much lower
2058:(sometimes at temporarily deflated values). Famous examples from the 1960s include
2055:
2051:
2023:
1848:
1774:
1592:
1534:
1359:
1354:
1316:
1153:
1148:
907:
799:
786:
731:
631:
4180:
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3051:
2867:. However, the company has sold or spun off many of these businesses – including
2800:
2575:
2490:
2421:
2405:
2226:
2214:
2140:
2067:
2044:
1983:
1964:
1936:
1901:
1727:
1579:
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1002:
922:
902:
771:
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449:
274:
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owned NBC, it did not allow negative reporting against General Electric on air (
1978:
The popularity of conglomerates has varied over time and across regions. In the
1967:, and financial synergy. However, they also face challenges such as complexity,
4243:
2745:
2579:
2498:
2279:
2230:
2206:
2096:
2007:
1956:
1757:
1286:
1281:
1208:
1203:
1193:
1047:
1022:
997:
3255:"The Forgotten History of How 1960s Conglomerates Derailed the American Dream"
2977:, access to business contacts, and better rates on loans from various banks.
2893:, a public company, at one point owned a variety of TV and radio stations and
2188:
was also a successful conglomerate until it was dismantled in the late 2010s.
4331:
4218:
4033:
3882:
3194:
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2902:
entertainment division. These policies have been attacked as unfair and even
2614:
2571:
2293:
2181:
1991:
1979:
1952:
1944:
1921:
1732:
1168:
1015:
533:
500:
150:
2314:: Telecoms, Infrastructure, Ports, Health and Beauty Retail. Energy, Finance
651:
3572:
The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s
3535:
The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s
3501:
The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s
3460:
The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s
3423:
The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s
3386:
The Go-Go Years: The Drama and Crashing Finale of Wall Street's Bullish 60s
2985:
Similar to other industries many companies can be termed as conglomerates.
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2587:
2583:
2234:
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2087:
1311:
1188:
1178:
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611:
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Some cite the decreased cost of conglomerate stock (a phenomenon known as
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4264:
4133:
4083:
4011:
3002:
2907:
2859:
2840:
2790:
Lack of focus, and inability to manage unrelated businesses equally well.
2638:
2602:
2594:
2518:
2510:
2506:
2502:
2448:
2271:
2252:
2197:
1999:
1968:
1767:
1306:
947:
932:
927:
747:
284:
269:
264:
3926:
4254:
3202:
3168:
3167:
Davis, Gerald F.; Diekmann, Kristina A.; Tinsley, Catherine H. (1994).
3056:
2610:
2482:
2354:
2334:
2317:
2301:
2264:
2241:
2201:
1905:
860:
804:
570:
520:
4316:
2945:
2894:
2884:
2533:
2283:
2092:
2039:
During the 1960s, the United States was caught up in a "conglomerate
1987:
1241:
1143:
1136:
3823:
3186:
3008:
2537:
41:
4224:
4212:
4016:
When the Machine Stopped: A Cautionary Tale from Industrial America
3742:
The Innovator's Solution: Creating and Sustaining Successful Growth
3076:
3071:
3031:
2903:
2752:
2567:
2471:
2463:
2377:
2345:
is an example of a modern Japanese conglomerate with operations in
2338:
2325:
2079:
1077:
1032:
776:
2159:
In other cases, conglomerates are formed for genuine interests of
4188:
4128:
3066:
2921:
2852:
2835:
2459:
2453:
2413:
2409:
2075:
1932:
1900:
that operate in various industries. A conglomerate usually has a
912:
254:
2686:
1927:
Conglomerates are common in many countries and sectors, such as
4306:
2994:
2990:
2389:
2366:
2330:
2124:
1948:
1940:
1794:
2965:
A relatively new development, Internet conglomerates, such as
2916:: The four major media conglomerates in the United States are
417:
Charitable incorporated organisation (England and Wales)
3776:"China conglomerate Fosun to scour for deals with $ 1bn fund"
2486:
2397:
2003:
1995:
1715:
877:
2944:
is now owned by Comcast). Viacom merged with CBS in 2019 as
3824:
Dearbail Jordan and Robin Pagnamenta (September 25, 2007).
2381:
2342:
2247:
In Hong Kong, some of the well-known conglomerates include
2050:
Due to a combination of low interest rates and a repeating
1881:
1875:
1857:
1854:
4074:. 2007. Encyclopædia Britannica Online. November 17, 2007.
3286:
3284:
3282:
3280:
3278:
3276:
2617:. The other big conglomerates in the Philippines included
1869:
158:
2953:
2876:
2417:
2393:
2177:
2040:
1982:, conglomerates became popular in the 1960s as a form of
1863:
1321:
2292:(AD1824) operates businesses in the fields of property (
3273:
2815:, which undervalues the true strength of these stocks.
3745:. Boston: Harvard Business Review Press. p. 243.
3143:"Conglomerate Boom: What It Is, How It Works, Example"
2054:, conglomerates were able to buy smaller companies in
3703:(4th ed.). New York: AMACOM Books. p. 155.
1851:
29:"Conglomeration" redirects here. For other uses, see
3725:
3166:
2034:
1884:
1878:
1866:
3609:. Hoboken, NJ: John Wiley & Sons. p. 106.
3355:. Hoboken, NJ: John Wiley & Sons. p. 102.
3225:. Hoboken, NJ: John Wiley & Sons. p. 107.
1872:
1860:
66:. Unsourced material may be challenged and removed.
4164:List of industry trade groups in the United States
3774:
3344:
3342:
3340:
3338:
3214:
3212:
2372:In China, many of the country's conglomerates are
3868:
3731:
3564:
3562:
3493:
3491:
3489:
3487:
3452:
3450:
3415:
3413:
2597:, the largest conglomerate of the country is the
2323:In Japan, a different model of conglomerate, the
2086:than the acquirer. The conglomerate would make a
2026:and preferential policies and access to capital.
1896:that consists of several different and unrelated
4329:
3690:
3596:
2799:Conglomerates more easily run the risk of being
3335:
3209:
2787:Inertia prevents the development of innovation.
2763:have delivered high earnings growth for a time.
2656:In the United States, some of the examples are
2528:In Brazil the most important conglomerates are
2359:television and film production and distribution
3799:"Conglomerates: Cash Cows or Corporate Chaos?"
3559:
3525:
3484:
3447:
3410:
2773:The extra layers of management increase costs.
425:Scottish charitable incorporated organisation
4099:
3909:Stanford University's Entrepreneurship Center
3376:
3303:
3301:
3299:
3261:. Indianapolis: Saturday Evening Post Society
2932:. The Walt Disney Company is linked with the
2687:Advantages and disadvantages of conglomerates
2022:of all time. These conglomerates have strong
1819:
824:
1959:. This type of organization aims to achieve
3826:"BP to strip out four layers of management"
3630:
2847:between media companies designed to create
2717:into consolidated sections based on topics.
4113:
4106:
4092:
3296:
2154:
2111:. In finance jargon, the transaction was "
1826:
1812:
831:
817:
4018:, Boston: Harvard Business School Press,
3575:. New York: Allworth Press. p. 181.
3538:. New York: Allworth Press. p. 175.
3504:. New York: Allworth Press. p. 177.
3463:. New York: Allworth Press. p. 154.
3426:. New York: Allworth Press. p. 158.
3389:. New York: Allworth Press. p. 161.
2960:
1838:Large company involved in many industries
126:Learn how and when to remove this message
4159:List of food industry trade associations
4042:The Contemporary Hollywood Film Industry
4040:McDonald, Paul and Wasko, Janet (2010),
3602:
3348:
3218:
2240:The best-known British conglomerate was
4010:
3787:from the original on December 10, 2022.
3696:
3290:
3252:
2993:, which once was the parent company of
14:
4330:
3678:from the original on February 12, 2010
3568:
3531:
3497:
3456:
3419:
3382:
3253:Gilmore, Nicholas (November 1, 2018).
3246:
2818:
2559:was formed in 1981 from the merger of
2043:" which turned out to be a form of an
526:Limited liability limited partnership
441:Industrial and provident society
4087:
3848:"Culture clash: The risks of mergers"
3643:. New York: McGraw-Hill. p. 14.
3314:. New York: McGraw-Hill. p. 14.
2980:
2647:Metro Pacific Investments Corporation
2440:. Fosun is currently China's largest
2180:television network and several other
623:Gesellschaft mit beschränkter Haftung
3933:from the original on August 11, 2009
3915:from the original on August 1, 2009.
3772:
3700:Mergers and Acquisitions from A to Z
3636:
3307:
3115:
3111:
3109:
2914:Impact of conglomerates on the media
2690:
64:adding citations to reliable sources
35:
3959:from the original on March 30, 2015
3836:from the original on June 12, 2011.
3805:from the original on April 13, 2009
2934:American Broadcasting Company (ABC)
2744:A conglomerate creates an internal
2020:highest value business transactions
24:
4246:(Greater China and Southeast Asia)
3989:from the original on April 9, 2018
3858:from the original on June 2, 2009.
3093:ITT: The Management of Opportunity
2784:Culture clashes can destroy value.
2671:In Canada, one of the examples is
2229:caused a brief economic crisis in
25:
4354:
4059:
3106:
2035:The conglomerate fad of the 1960s
1800:Business and economics portal
2829:Concentration of media ownership
2767:
2695:
2220:
2029:
1847:
1793:
668:Société à responsabilité limitée
157:
40:
4004:
3971:
3945:
3919:
3897:
3862:
3840:
3817:
3791:
3766:
3664:
2675:. Another such conglomerate is
2191:
51:needs additional citations for
4149:Inter-professional association
3640:The New Reality of Wall Street
3311:The New Reality of Wall Street
3160:
3135:
2168:also moved into financing and
13:
1:
3116:Chen, James (July 31, 2023).
3100:
2843:provides several examples of
2734:
2312:CK Hutchison Holdings Limited
2014:have gone through high value
1455:management information system
1106:Chief human resources officer
3773:Tsui, Enid (June 24, 2012).
3603:Carlisle, Tobias E. (2014).
3349:Carlisle, Tobias E. (2014).
3219:Carlisle, Tobias E. (2014).
3174:American Sociological Review
2891:Clear Channel Communications
2147:(which often translate into
2012:state-affiliated enterprises
1904:that owns and controls many
1449:Enterprise resource planning
1277:Financial statement analysis
550:Massachusetts business trust
7:
3697:Sherman, Andrew J. (2018).
3014:
2999:Philip Morris International
2570:, some of the examples are
2060:Gulf and Western Industries
2018:, resulting in some of the
737:Piercing the corporate veil
433:Community interest company
408:UK / Ireland / Commonwealth
396:Economic interest grouping
75:"Conglomerate" company
10:
4359:
2822:
2643:SM Investments Corporation
2623:Lopez Holdings Corporation
1910:multinational corporations
506:Limited liability company
28:
4294:
4273:
4234:
4179:
4121:
4078:Conglomerate Monkeyshines
3259:The Saturday Evening Post
2681:Province of New Brunswick
2444:conglomerate by revenue.
2282:), beverages (bottler of
1111:Chief information officer
943:Limited liability company
717:Internal affairs doctrine
712:and estoppel corporations
4338:Types of business entity
3905:"Innovation and Inertia"
3883:10.1177/1742715006068937
3293:, pp. 57–64, 81–86.
3087:Mergers and acquisitions
3042:Consolidation (business)
2956:regulations as the time.
2845:mergers and acquisitions
2286:), shipping and trading.
2024:ties with the government
2016:mergers and acquisitions
1124:Chief technology officer
1058:Mergers and acquisitions
1028:Constitutional documents
853:Management of a business
141:This article is part of
4139:Employers' organization
4071:Encyclopædia Britannica
3983:googleblog.blogspot.com
3953:"Conglomerate Discount"
3733:Christensen, Clayton M.
2918:The Walt Disney Company
2658:The Walt Disney Company
2611:real estate development
2374:state-owned enterprises
2155:Genuine diversification
1971:, agency problems, and
1914:merger and acquisitions
1184:Environmental economics
1164:International economics
1115:Chief marketing officer
1101:Chief financial officer
1096:Chief operating officer
1092:Chief executive officer
1053:International trade law
847:Business administration
387:Societas unius personae
249:General corporate forms
4343:Conglomerate companies
4171:Cooperative federation
4115:Business organizations
2961:Internet conglomerates
2926:Warner Bros. Discovery
2666:The Trump Organization
2662:Warner Bros. Discovery
2651:San Miguel Corporation
2552:, and Queiroz Galvão.
2298:Jardine Lloyd Thompson
2105:convertible debentures
1894:multi-industry company
1753:International business
1738:Business judgment rule
1083:Chief business officer
983:Annual general meeting
963:State-owned enterprise
953:Privately held company
699:Business judgment rule
4286:Consumer organization
3637:Coxe, Donald (2003).
3569:Brooks, John (1973).
3532:Brooks, John (1973).
3498:Brooks, John (1973).
3457:Brooks, John (1973).
3420:Brooks, John (1973).
3383:Brooks, John (1973).
3308:Coxe, Donald (2003).
3082:Multi-divisional form
3047:Conglomerate discount
3022:List of conglomerates
2975:returns on investment
2823:Further information:
2809:conglomerate discount
2530:J&F Investimentos
2261:CK Hutchison Holdings
2257:C K Hutchison Whampoa
2123:were not immediately
2084:price–earnings ratios
1429:Customer relationship
1365:Business intelligence
1327:Financial institution
1302:International finance
1252:Cash conversion cycle
1159:Development economics
1120:Chief product officer
868:Management accounting
643:Naamloze vennootschap
633:Kabushiki gaisha
450:Limited company
18:Business conglomerate
4046:Blackwell Publishing
3854:. January 17, 2000.
2677:J.D. Irving, Limited
2673:Hudson's Bay Company
2386:China Merchants Bank
2347:consumer electronics
2300:), trading, retail (
1965:risk diversification
1370:Business development
1214:Economic development
976:Corporate governance
873:Financial accounting
767:Beneficial ownership
704:Corporate governance
540:Delaware corporation
367:Societas cooperativa
60:improve this article
4302:Business networking
4274:Oppositional groups
4144:Chamber of commerce
3985:. August 10, 2015.
2991:Philip Morris group
2819:Media conglomerates
2813:market inefficiency
2635:MediaQuest Holdings
2627:ABS-CBN Corporation
2515:Reliance Industries
2495:Larsen & Toubro
2438:Fosun International
2434:Beijing Enterprises
2304:) and hotels (i.e.
2196:With the spread of
2186:United Technologies
1780:Business statistics
1763:International trade
1748:Business operations
1444:Electronic business
1349:Types of management
1237:Financial statement
1219:Economic statistics
1087:Chief brand officer
1043:Corporate liability
958:Sole proprietorship
938:Joint-stock company
782:Corporate registers
742:Rochdale Principles
496:Benefit corporation
322:Sole proprietorship
3737:Raynor, Michael E.
3037:Concern (business)
3027:Media conglomerate
2981:Food conglomerates
2869:Warner Music Group
2865:economies of scale
2825:Media conglomerate
2761:Berkshire Hathaway
2619:JG Summit Holdings
2615:telecommunications
2557:Fletcher Challenge
2523:Bharti Enterprises
2479:Aditya Birla Group
2426:Dalian Wanda Group
2367:telecommunications
2363:financial services
2278:), aviation (i.e.
2211:Berkshire Hathaway
2170:financial services
2109:earnings per share
1961:economies of scale
1743:Consumer behaviour
1545:Product life-cycle
1332:Capital management
1297:Managerial finance
988:Board of directors
583:Aktiengesellschaft
555:Nevada corporation
4325:
4324:
4312:Company registers
4250:Business alliance
4154:Trade association
4054:978-1-4051-3388-3
4025:978-0-87584-208-0
3979:"G is for Google"
3062:Associate company
2881:Time Warner Cable
2833:In her 1999 book
2732:
2731:
2639:TV5 Network, Inc.
2631:GMA Network, Inc.
2601:which focuses on
2599:Ayala Corporation
2561:Fletcher Holdings
2550:Andrade Gutierrez
2402:Ping An Insurance
2306:Mandarin Oriental
2176:, which owns the
2145:shareholder value
2072:Litton Industries
2064:Ling-Temco-Vought
2056:leveraged buyouts
1898:business entities
1836:
1835:
1723:Business analysis
1292:Corporate finance
1262:Capital budgeting
1199:Knowledge economy
993:Supervisory board
841:
840:
722:Limited liability
684:
683:
593:Ansvarlig selskap
480:Unlimited company
317:Shelf corporation
312:Shell corporation
300:Limited liability
136:
135:
128:
110:
16:(Redirected from
4350:
4236:Business network
4181:Corporate groups
4108:
4101:
4094:
4085:
4084:
4037:
3999:
3998:
3996:
3994:
3975:
3969:
3968:
3966:
3964:
3949:
3943:
3942:
3940:
3938:
3923:
3917:
3916:
3901:
3895:
3894:
3866:
3860:
3859:
3844:
3838:
3837:
3821:
3815:
3814:
3812:
3810:
3795:
3789:
3788:
3778:
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3764:
3763:
3761:
3759:
3729:
3723:
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3719:
3717:
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3687:
3685:
3683:
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3661:
3659:
3657:
3634:
3628:
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3600:
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3591:
3589:
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3556:
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3529:
3523:
3522:
3520:
3518:
3495:
3482:
3481:
3479:
3477:
3454:
3445:
3444:
3442:
3440:
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3407:
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3403:
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3374:
3373:
3371:
3369:
3346:
3333:
3332:
3330:
3328:
3305:
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3288:
3271:
3270:
3268:
3266:
3250:
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3243:
3241:
3239:
3216:
3207:
3206:
3164:
3158:
3157:
3155:
3153:
3139:
3133:
3132:
3130:
3128:
3113:
2971:brand management
2950:Paramount Global
2938:General Electric
2930:Paramount Global
2899:bargaining power
2727:
2724:
2718:
2708:pro and con list
2699:
2698:
2691:
2555:In New Zealand,
2546:Votorantim Group
2430:China Poly Group
2290:Jardine Matheson
2276:Swire Properties
2249:Jardine Matheson
2166:General Electric
2052:bear-bull market
1963:, market power,
1891:
1890:
1887:
1886:
1883:
1880:
1877:
1874:
1871:
1868:
1865:
1862:
1859:
1856:
1853:
1828:
1821:
1814:
1798:
1797:
1775:Business process
1317:Financial market
1154:Labour economics
1149:Public economics
908:Corporation sole
843:
842:
833:
826:
819:
787:Registered agent
732:Drag-along right
672:
657:
647:
637:
627:
617:
607:
597:
587:
577:
546:
529:
509:
453:
444:
436:
428:
420:
409:
399:
391:
381:
377:Societas privata
371:
361:
342:
341:
161:
138:
137:
131:
124:
120:
117:
111:
109:
68:
44:
36:
21:
4358:
4357:
4353:
4352:
4351:
4349:
4348:
4347:
4328:
4327:
4326:
4321:
4290:
4269:
4230:
4175:
4117:
4112:
4062:
4026:
4007:
4002:
3992:
3990:
3977:
3976:
3972:
3962:
3960:
3951:
3950:
3946:
3936:
3934:
3925:
3924:
3920:
3903:
3902:
3898:
3867:
3863:
3846:
3845:
3841:
3822:
3818:
3808:
3806:
3797:
3796:
3792:
3781:Financial Times
3771:
3767:
3757:
3755:
3753:
3730:
3726:
3715:
3713:
3711:
3695:
3691:
3681:
3679:
3670:
3669:
3665:
3655:
3653:
3651:
3635:
3631:
3621:
3619:
3617:
3601:
3597:
3587:
3585:
3583:
3567:
3560:
3550:
3548:
3546:
3530:
3526:
3516:
3514:
3512:
3496:
3485:
3475:
3473:
3471:
3455:
3448:
3438:
3436:
3434:
3418:
3411:
3401:
3399:
3397:
3381:
3377:
3367:
3365:
3363:
3347:
3336:
3326:
3324:
3322:
3306:
3297:
3289:
3274:
3264:
3262:
3251:
3247:
3237:
3235:
3233:
3217:
3210:
3187:10.2307/2095931
3165:
3161:
3151:
3149:
3141:
3140:
3136:
3126:
3124:
3114:
3107:
3103:
3098:
3052:Holding company
3017:
2983:
2963:
2831:
2821:
2801:too big to fail
2770:
2737:
2728:
2722:
2719:
2712:
2700:
2696:
2689:
2576:Dawood Hercules
2491:Kirloskar Group
2422:Legend Holdings
2227:First World War
2225:The end of the
2223:
2215:holding company
2194:
2161:diversification
2157:
2141:core competency
2115:to earnings."
2068:ITT Corporation
2045:economic bubble
2037:
2032:
1984:economic bubble
1892:) is a type of
1850:
1846:
1839:
1832:
1792:
1785:
1784:
1728:Business ethics
1718:
1708:
1707:
1648:
1640:
1639:
1350:
1342:
1341:
1337:Venture capital
1267:Commercial bank
1257:Insider dealing
1232:
1224:
1223:
1174:Planned economy
1139:
1129:
1128:
1073:
1071:Corporate title
1063:
1062:
1038:Corporate crime
1018:
1008:
1007:
1003:Audit committee
978:
968:
967:
923:Holding company
903:Corporate group
898:
891:Business entity
883:
882:
863:
837:
792:
791:
772:Civil procedure
762:
754:
753:
727:Tag-along right
694:
686:
685:
670:
655:
645:
635:
625:
615:
605:
595:
585:
575:
544:statutory trust
538:
527:
507:
451:
448:
442:
434:
426:
418:
407:
397:
389:
379:
369:
359:
339:
337:by jurisdiction
336:
335:Corporate forms
327:
326:
307:Private limited
275:Holding company
250:
242:
241:
223:
169:
168:By jurisdiction
132:
121:
115:
112:
69:
67:
57:
45:
34:
23:
22:
15:
12:
11:
5:
4356:
4346:
4345:
4340:
4323:
4322:
4320:
4319:
4314:
4309:
4304:
4298:
4296:
4292:
4291:
4289:
4288:
4283:
4277:
4275:
4271:
4270:
4268:
4267:
4262:
4257:
4252:
4247:
4244:Bamboo network
4240:
4238:
4232:
4231:
4229:
4228:
4222:
4216:
4210:
4204:
4198:
4192:
4185:
4183:
4177:
4176:
4174:
4173:
4168:
4167:
4166:
4161:
4151:
4146:
4141:
4136:
4131:
4125:
4123:
4119:
4118:
4111:
4110:
4103:
4096:
4088:
4082:
4081:
4075:
4066:"Conglomerate"
4061:
4060:External links
4058:
4057:
4056:
4038:
4024:
4006:
4003:
4001:
4000:
3970:
3944:
3927:"Conglomerate"
3918:
3896:
3877:(4): 395–426.
3861:
3839:
3816:
3790:
3765:
3751:
3724:
3709:
3689:
3663:
3649:
3629:
3615:
3595:
3581:
3558:
3544:
3524:
3510:
3483:
3469:
3446:
3432:
3409:
3395:
3375:
3361:
3334:
3320:
3295:
3272:
3245:
3231:
3208:
3181:(4): 547–570.
3159:
3134:
3118:"Conglomerate"
3104:
3102:
3099:
3097:
3096:
3089:
3084:
3079:
3074:
3069:
3064:
3059:
3054:
3049:
3044:
3039:
3034:
3029:
3024:
3018:
3016:
3013:
3012:
3011:
3006:
2982:
2979:
2962:
2959:
2958:
2957:
2911:
2888:
2855:between them:
2820:
2817:
2805:
2804:
2797:
2794:Brand dilution
2791:
2788:
2785:
2782:
2778:
2774:
2769:
2766:
2765:
2764:
2749:
2746:capital market
2742:
2736:
2733:
2730:
2729:
2703:
2701:
2694:
2688:
2685:
2580:House of Habib
2542:Camargo Corrêa
2499:Mahindra Group
2355:music industry
2321:
2320:
2315:
2309:
2287:
2280:Cathay Pacific
2231:Weimar Germany
2222:
2219:
2207:Warren Buffett
2193:
2190:
2182:cable networks
2156:
2153:
2143:and unlocking
2036:
2033:
2031:
2028:
2008:mainland China
1957:transportation
1922:joint ventures
1902:parent company
1837:
1834:
1833:
1831:
1830:
1823:
1816:
1808:
1805:
1804:
1803:
1802:
1787:
1786:
1783:
1782:
1777:
1772:
1771:
1770:
1760:
1758:Business model
1755:
1750:
1745:
1740:
1735:
1730:
1725:
1719:
1714:
1713:
1710:
1709:
1706:
1705:
1700:
1695:
1690:
1685:
1680:
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1665:
1660:
1655:
1649:
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1645:
1642:
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1638:
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1627:
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1610:
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1600:
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1562:
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1537:
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1514:
1509:
1508:
1507:
1497:
1492:
1487:
1482:
1477:
1476:
1475:
1467:Human resource
1464:
1459:
1458:
1457:
1446:
1441:
1436:
1431:
1426:
1421:
1416:
1411:
1409:Communications
1406:
1405:
1404:
1394:
1393:
1392:
1382:
1377:
1372:
1367:
1362:
1357:
1351:
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1340:
1339:
1334:
1329:
1324:
1319:
1314:
1309:
1304:
1299:
1294:
1289:
1287:Public finance
1284:
1282:Financial risk
1279:
1274:
1269:
1264:
1259:
1254:
1249:
1244:
1239:
1233:
1230:
1229:
1226:
1225:
1222:
1221:
1216:
1211:
1209:Macroeconomics
1206:
1204:Microeconomics
1201:
1196:
1194:Market economy
1191:
1186:
1181:
1176:
1171:
1166:
1161:
1156:
1151:
1146:
1140:
1135:
1134:
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1127:
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1117:
1108:
1103:
1098:
1089:
1080:
1074:
1069:
1068:
1065:
1064:
1061:
1060:
1055:
1050:
1048:Insolvency law
1045:
1040:
1035:
1030:
1025:
1023:Commercial law
1019:
1014:
1013:
1010:
1009:
1006:
1005:
1000:
998:Advisory board
995:
990:
985:
979:
974:
973:
970:
969:
966:
965:
960:
955:
950:
945:
940:
935:
930:
925:
920:
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910:
905:
899:
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888:
885:
884:
881:
880:
875:
870:
864:
859:
858:
855:
854:
850:
849:
839:
838:
836:
835:
828:
821:
813:
810:
809:
808:
807:
802:
800:Company portal
794:
793:
790:
789:
784:
779:
774:
769:
763:
760:
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756:
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751:
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739:
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729:
724:
719:
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579:
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564:
560:
559:
558:
557:
552:
547:
536:
531:
523:
518:
517:
516:
514:Low-profit LLC
503:
498:
490:
489:
485:
484:
483:
482:
477:
476:
475:
470:
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460:
446:
438:
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401:
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349:
348:
346:European Union
340:
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309:
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225:European Union
221:
216:
211:
206:
201:
196:
194:Cayman Islands
191:
186:
181:
176:
170:
167:
166:
163:
162:
154:
153:
147:
146:
134:
133:
48:
46:
39:
9:
6:
4:
3:
2:
4355:
4344:
4341:
4339:
4336:
4335:
4333:
4318:
4315:
4313:
4310:
4308:
4305:
4303:
4300:
4299:
4297:
4293:
4287:
4284:
4282:
4279:
4278:
4276:
4272:
4266:
4263:
4261:
4260:Joint venture
4258:
4256:
4253:
4251:
4248:
4245:
4242:
4241:
4239:
4237:
4233:
4226:
4223:
4220:
4217:
4214:
4211:
4209:(Anglosphere)
4208:
4205:
4202:
4199:
4196:
4193:
4191:(South Korea)
4190:
4187:
4186:
4184:
4182:
4178:
4172:
4169:
4165:
4162:
4160:
4157:
4156:
4155:
4152:
4150:
4147:
4145:
4142:
4140:
4137:
4135:
4132:
4130:
4127:
4126:
4124:
4120:
4116:
4109:
4104:
4102:
4097:
4095:
4090:
4089:
4086:
4079:
4076:
4073:
4072:
4067:
4064:
4063:
4055:
4051:
4047:
4043:
4039:
4035:
4031:
4027:
4021:
4017:
4013:
4009:
4008:
3988:
3984:
3980:
3974:
3958:
3954:
3948:
3932:
3928:
3922:
3914:
3910:
3906:
3900:
3892:
3888:
3884:
3880:
3876:
3872:
3865:
3857:
3853:
3849:
3843:
3835:
3831:
3827:
3820:
3804:
3800:
3794:
3786:
3782:
3777:
3769:
3754:
3752:9781422196571
3748:
3744:
3743:
3738:
3734:
3728:
3712:
3710:9780814439036
3706:
3702:
3701:
3693:
3677:
3673:
3667:
3652:
3650:9780071436311
3646:
3642:
3641:
3633:
3622:September 29,
3618:
3616:9781118747964
3612:
3608:
3607:
3599:
3588:September 28,
3584:
3582:9780471357551
3578:
3574:
3573:
3565:
3563:
3551:September 28,
3547:
3545:9780471357551
3541:
3537:
3536:
3528:
3517:September 28,
3513:
3511:9780471357551
3507:
3503:
3502:
3494:
3492:
3490:
3488:
3476:September 28,
3472:
3470:9780471357551
3466:
3462:
3461:
3453:
3451:
3439:September 28,
3435:
3433:9780471357551
3429:
3425:
3424:
3416:
3414:
3402:September 28,
3398:
3396:9780471357551
3392:
3388:
3387:
3379:
3368:September 29,
3364:
3362:9781118747964
3358:
3354:
3353:
3345:
3343:
3341:
3339:
3323:
3321:9780071436311
3317:
3313:
3312:
3304:
3302:
3300:
3292:
3287:
3285:
3283:
3281:
3279:
3277:
3265:September 28,
3260:
3256:
3249:
3238:September 29,
3234:
3232:9781118747964
3228:
3224:
3223:
3215:
3213:
3204:
3200:
3196:
3192:
3188:
3184:
3180:
3176:
3175:
3170:
3163:
3148:
3144:
3138:
3123:
3119:
3112:
3110:
3105:
3095:
3094:
3090:
3088:
3085:
3083:
3080:
3078:
3075:
3073:
3070:
3068:
3065:
3063:
3060:
3058:
3055:
3053:
3050:
3048:
3045:
3043:
3040:
3038:
3035:
3033:
3030:
3028:
3025:
3023:
3020:
3019:
3010:
3007:
3004:
3000:
2996:
2992:
2988:
2987:
2986:
2978:
2976:
2972:
2968:
2955:
2951:
2947:
2943:
2939:
2935:
2931:
2927:
2923:
2919:
2915:
2912:
2909:
2905:
2900:
2896:
2892:
2889:
2887:– since 2004.
2886:
2882:
2878:
2874:
2870:
2866:
2861:
2858:
2857:
2856:
2854:
2850:
2849:conglomerates
2846:
2842:
2838:
2837:
2830:
2826:
2816:
2814:
2810:
2802:
2798:
2795:
2792:
2789:
2786:
2783:
2779:
2775:
2772:
2771:
2768:Disadvantages
2762:
2758:
2754:
2750:
2747:
2743:
2739:
2738:
2726:
2716:
2710:
2709:
2704:This section
2702:
2693:
2692:
2684:
2682:
2678:
2674:
2669:
2668:(see below).
2667:
2663:
2659:
2654:
2652:
2648:
2644:
2640:
2636:
2632:
2628:
2624:
2620:
2616:
2612:
2608:
2604:
2600:
2596:
2591:
2589:
2585:
2581:
2577:
2573:
2572:Adamjee Group
2569:
2564:
2562:
2558:
2553:
2551:
2547:
2543:
2539:
2535:
2531:
2526:
2524:
2520:
2516:
2512:
2508:
2504:
2500:
2496:
2492:
2488:
2484:
2480:
2475:
2473:
2469:
2465:
2461:
2456:
2455:
2450:
2445:
2443:
2439:
2435:
2431:
2427:
2423:
2419:
2415:
2411:
2407:
2403:
2399:
2395:
2391:
2387:
2383:
2379:
2375:
2370:
2368:
2364:
2360:
2356:
2352:
2348:
2344:
2340:
2336:
2332:
2328:
2327:
2319:
2316:
2313:
2310:
2307:
2303:
2299:
2295:
2294:Hongkong Land
2291:
2288:
2285:
2281:
2277:
2273:
2270:
2269:
2268:
2266:
2262:
2258:
2254:
2250:
2245:
2243:
2238:
2236:
2232:
2228:
2221:International
2218:
2216:
2212:
2208:
2203:
2199:
2189:
2187:
2183:
2179:
2175:
2171:
2167:
2162:
2152:
2150:
2146:
2142:
2136:
2134:
2130:
2126:
2120:
2116:
2114:
2110:
2106:
2102:
2098:
2094:
2089:
2085:
2081:
2077:
2073:
2069:
2065:
2061:
2057:
2053:
2048:
2046:
2042:
2030:United States
2027:
2025:
2021:
2017:
2013:
2009:
2005:
2001:
1997:
1993:
1989:
1985:
1981:
1980:United States
1976:
1974:
1970:
1966:
1962:
1958:
1954:
1950:
1946:
1945:manufacturing
1942:
1938:
1934:
1930:
1925:
1923:
1919:
1915:
1911:
1907:
1903:
1899:
1895:
1889:
1844:
1829:
1824:
1822:
1817:
1815:
1810:
1809:
1807:
1806:
1801:
1796:
1791:
1790:
1789:
1788:
1781:
1778:
1776:
1773:
1769:
1766:
1765:
1764:
1761:
1759:
1756:
1754:
1751:
1749:
1746:
1744:
1741:
1739:
1736:
1734:
1733:Business plan
1731:
1729:
1726:
1724:
1721:
1720:
1717:
1712:
1711:
1704:
1701:
1699:
1696:
1694:
1691:
1689:
1686:
1684:
1681:
1679:
1676:
1674:
1671:
1669:
1666:
1664:
1663:Communication
1661:
1659:
1656:
1654:
1651:
1650:
1644:
1643:
1636:
1633:
1631:
1628:
1624:
1623:administrator
1621:
1620:
1619:
1616:
1614:
1611:
1609:
1606:
1604:
1601:
1599:
1596:
1594:
1591:
1587:
1584:
1583:
1581:
1578:
1576:
1573:
1571:
1568:
1566:
1563:
1561:
1558:
1556:
1553:
1551:
1548:
1546:
1543:
1541:
1538:
1536:
1533:
1531:
1528:
1524:
1521:
1520:
1518:
1515:
1513:
1510:
1506:
1505:administrator
1503:
1502:
1501:
1498:
1496:
1493:
1491:
1488:
1486:
1483:
1481:
1478:
1474:
1471:
1470:
1468:
1465:
1463:
1460:
1456:
1453:
1452:
1450:
1447:
1445:
1442:
1440:
1437:
1435:
1432:
1430:
1427:
1425:
1422:
1420:
1417:
1415:
1414:Configuration
1412:
1410:
1407:
1403:
1400:
1399:
1398:
1395:
1391:
1388:
1387:
1386:
1383:
1381:
1378:
1376:
1373:
1371:
1368:
1366:
1363:
1361:
1358:
1356:
1353:
1352:
1346:
1345:
1338:
1335:
1333:
1330:
1328:
1325:
1323:
1320:
1318:
1315:
1313:
1310:
1308:
1305:
1303:
1300:
1298:
1295:
1293:
1290:
1288:
1285:
1283:
1280:
1278:
1275:
1273:
1270:
1268:
1265:
1263:
1260:
1258:
1255:
1253:
1250:
1248:
1245:
1243:
1240:
1238:
1235:
1234:
1228:
1227:
1220:
1217:
1215:
1212:
1210:
1207:
1205:
1202:
1200:
1197:
1195:
1192:
1190:
1187:
1185:
1182:
1180:
1177:
1175:
1172:
1170:
1169:Mixed economy
1167:
1165:
1162:
1160:
1157:
1155:
1152:
1150:
1147:
1145:
1142:
1141:
1138:
1133:
1132:
1125:
1121:
1118:
1116:
1112:
1109:
1107:
1104:
1102:
1099:
1097:
1093:
1090:
1088:
1084:
1081:
1079:
1076:
1075:
1072:
1067:
1066:
1059:
1056:
1054:
1051:
1049:
1046:
1044:
1041:
1039:
1036:
1034:
1031:
1029:
1026:
1024:
1021:
1020:
1017:
1016:Corporate law
1012:
1011:
1004:
1001:
999:
996:
994:
991:
989:
986:
984:
981:
980:
977:
972:
971:
964:
961:
959:
956:
954:
951:
949:
946:
944:
941:
939:
936:
934:
931:
929:
926:
924:
921:
919:
916:
914:
911:
909:
906:
904:
901:
900:
896:
892:
887:
886:
879:
876:
874:
871:
869:
866:
865:
862:
857:
856:
852:
851:
848:
845:
844:
834:
829:
827:
822:
820:
815:
814:
812:
811:
806:
803:
801:
798:
797:
796:
795:
788:
785:
783:
780:
778:
775:
773:
770:
768:
765:
764:
761:Related areas
758:
757:
750:
749:
745:
743:
740:
738:
735:
733:
730:
728:
725:
723:
720:
718:
715:
713:
711:
707:
705:
702:
700:
697:
696:
690:
689:
678:
675:
673:
669:
665:
663:
660:
658:
654:
650:
648:
644:
640:
638:
634:
630:
628:
624:
620:
618:
614:
610:
608:
604:
600:
598:
594:
590:
588:
584:
580:
578:
573:
569:
568:
567:
566:
562:
561:
556:
553:
551:
548:
545:
541:
537:
535:
534:S corporation
532:
530:
524:
522:
519:
515:
512:
511:
510:
504:
502:
501:C corporation
499:
497:
494:
493:
492:
491:
488:United States
487:
486:
481:
478:
474:
471:
469:
466:
464:
461:
459:
456:
455:
454:
447:
445:
439:
437:
431:
429:
423:
421:
415:
414:
413:
412:
406:
405:
400:
394:
392:
388:
384:
382:
378:
374:
372:
368:
364:
362:
357:
353:
352:
351:
350:
347:
344:
343:
338:
331:
330:
323:
320:
318:
315:
313:
310:
308:
305:
301:
298:
296:
293:
291:
288:
287:
286:
283:
281:
278:
276:
273:
271:
268:
266:
263:
261:
258:
256:
253:
252:
246:
245:
236:
233:
231:
228:
227:
226:
222:
220:
217:
215:
214:United States
212:
210:
207:
205:
202:
200:
197:
195:
192:
190:
187:
185:
182:
180:
177:
175:
172:
171:
165:
164:
160:
156:
155:
152:
151:Corporate law
149:
148:
144:
140:
139:
130:
127:
119:
108:
105:
101:
98:
94:
91:
87:
84:
80:
77: –
76:
72:
71:Find sources:
65:
61:
55:
54:
49:This article
47:
43:
38:
37:
32:
27:
19:
4207:Conglomerate
4206:
4069:
4041:
4015:
4012:Holland, Max
4005:Bibliography
3991:. Retrieved
3982:
3973:
3961:. Retrieved
3947:
3935:. Retrieved
3921:
3908:
3899:
3874:
3870:
3864:
3851:
3842:
3829:
3819:
3807:. Retrieved
3793:
3780:
3768:
3756:. Retrieved
3741:
3727:
3714:. Retrieved
3699:
3692:
3680:. Retrieved
3666:
3654:. Retrieved
3639:
3632:
3620:. Retrieved
3605:
3598:
3586:. Retrieved
3571:
3549:. Retrieved
3534:
3527:
3515:. Retrieved
3500:
3474:. Retrieved
3459:
3437:. Retrieved
3422:
3400:. Retrieved
3385:
3378:
3366:. Retrieved
3351:
3325:. Retrieved
3310:
3291:Holland 1989
3263:. Retrieved
3258:
3248:
3236:. Retrieved
3221:
3178:
3172:
3162:
3150:. Retrieved
3147:Investopedia
3146:
3137:
3127:November 23,
3125:. Retrieved
3122:Investopedia
3121:
3091:
2984:
2964:
2942:NBCUniversal
2913:
2904:monopolistic
2873:Warner Books
2848:
2834:
2832:
2806:
2720:
2715:rewriting it
2713:Please help
2705:
2670:
2655:
2592:
2588:Nishat Group
2584:Lakson Group
2565:
2554:
2527:
2476:
2452:
2446:
2442:civilian-run
2371:
2324:
2322:
2296:), finance (
2246:
2239:
2235:Hugo Stinnes
2224:
2200:(especially
2198:mutual funds
2195:
2192:Mutual funds
2174:NBCUniversal
2158:
2137:
2121:
2117:
2088:tender offer
2049:
2038:
1977:
1926:
1906:subsidiaries
1893:
1843:conglomerate
1842:
1840:
1653:Architecture
1647:Organization
1613:Supply chain
1439:Earned value
1312:Stock market
1189:Open economy
1179:Econometrics
918:Conglomerate
917:
746:
709:
667:
652:
642:
632:
622:
613:Aksjeselskap
612:
603:Aktieselskab
602:
592:
582:
571:
458:by guarantee
386:
376:
366:
355:
260:Conglomerate
259:
204:South Africa
122:
113:
103:
96:
89:
82:
70:
58:Please help
53:verification
50:
31:Conglomerate
26:
4281:Trade union
4265:Patent pool
4134:Corporation
3656:October 11,
3327:October 11,
3003:Kraft Foods
2908:Live Nation
2860:WarnerMedia
2841:Naomi Klein
2706:contains a
2595:Philippines
2519:Adani Group
2511:Essar Group
2507:ITC Limited
2503:Bajaj Group
2468:Hyundai Kia
2449:South Korea
2351:video games
2272:Swire Group
2253:Swire Group
2202:index funds
2000:South Korea
1969:bureaucracy
1768:Trade route
1683:Engineering
1678:Development
1530:Performance
1473:development
1434:Distributed
1307:Liquidation
948:Partnership
933:Corporation
928:Cooperative
748:Ultra vires
468:proprietary
285:Partnership
280:Joint-stock
270:Corporation
265:Cooperative
116:August 2017
4332:Categories
4255:Consortium
3871:Leadership
3682:August 25,
3101:References
3057:Subsidiary
2851:to create
2735:Advantages
2723:March 2017
2483:Tata Group
2335:Mitsubishi
2318:Sino Group
2302:Dairy Farm
2265:Sino Group
2251:(AD1824),
2242:Hanson plc
2133:East Coast
2129:West Coast
2093:debentures
1973:regulation
1635:Technology
1517:Operations
1397:Commercial
1390:innovation
1380:Capability
1272:Derivative
861:Accounting
805:Law portal
653:Osakeyhtiö
572:Aktiebolag
521:Series LLC
86:newspapers
4317:Syndicate
4203:(Germany)
4034:246343673
3963:March 31,
3891:146156535
3830:The Times
3195:0003-1224
2946:ViacomCBS
2895:billboard
2885:Time Inc.
2534:Odebrecht
2284:Coca-Cola
2149:spin-offs
2113:accretive
1988:antitrust
1918:spin-offs
1703:Structure
1688:Hierarchy
1608:Strategic
1495:Materials
1485:Knowledge
1462:Financial
1402:Marketing
1247:Factoring
1242:Insurance
1144:Commodity
1137:Economics
693:Doctrines
463:by shares
179:Australia
4295:See also
4225:Zaibatsu
4213:Keiretsu
4197:(Russia)
4014:(1989),
3987:Archived
3957:Archived
3931:Archived
3913:Archived
3856:Archived
3852:BBC News
3834:Archived
3803:Archived
3785:Archived
3758:June 19,
3739:(2003).
3716:June 19,
3676:Archived
3077:Zaibatsu
3072:Keiretsu
3032:Big Tech
3015:See also
2967:Alphabet
2753:Teledyne
2568:Pakistan
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