Business Groups in Canada: Their Rise and Fall, and Rise and Fall Again
Series number :
- PYRAMIDAL BUSINESS GROUPS •
- financial history •
- CORPORATE OWNERSHIP AND CONTROL
Family-controlled pyramidal business groups were important in Canada early in the 20th century, amid rapid catch-up industrialization, but largely gave way to widely held freestanding firms by mid-century. In the 1970s and early 1980s ? an era of high inflation, financial reversal, unprecedented state intervention, and explicit emulation of continental European institutions ?