Structures and Functions of Holding Companies in Different Countries

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Author(s): Pınar Avci (Tekirdağ Namık Kemal University, Turkey)
Copyright: 2021
Pages: 17
Source title: Handbook of Research on Financial Management During Economic Downturn and Recovery
Source Author(s)/Editor(s): Nuno Miguel Teixeira (Center for Research in Business and Administration, School of Business Sciences, Polytechnic Institute of Setúbal, Portugal)and Inês Lisboa (CARME, School of Management and Technology, Polytechnic of Leiria, Portugal)
DOI: 10.4018/978-1-7998-6643-5.ch003

Keywords: Accounting and Finance / Business & Management / Business Science Reference / Economics & Economic Theory

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Abstract

The word “holding” is an English word. Some researchers state that this word derives from the root “hold” and means to hold management as “to hold and control,” while others state that it means to own a stock with the phrase “shareholder” or “to hold and control.” The word “holding” used by the countries of the world for business groups is expressed in different words by different countries. The following words are used: “holding” in Turkey, “chaebol” in South Korea, “keiretsu” in Japan, and “grupos economicos” in Latin America. At the same time, business groups are referred to as Qiye Jituan in China, Guanxi Qiye in Taiwan, Grupos in Spain, and Konzerne in Germany. In addition to these words mentioned, an American term “conglomerate” (holding) is sometimes stated in the alternative with business groups.

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Structures and Functions of Holding Companies in Different Countries

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