WHAT DOES THE LITERATURE SAY ABOUT BUSINESS GROUPS AND PYRAMIDAL OWNERSHIP?

This paper aims to analyze the results of the research in pyramidal ownership within the scope of the business groups. Next, the research gaps in the business groups and pyramidal ownership will be identified. 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. Results report that important authors, such as Bae et al. and Almeida and Wolfenzon were among the most cited and with greater relational ties. We infer that searches in pyramidal structures are contained in the field of business groups since they represent of ownership and control. The analysis of the studies scope identifies that a large number of proposals are concentrated in the family-owned. We identify as a theoretical gap the analysis of the political connections and the social role. The interaction between the groups and the government has received a lot of attention in recent decades, exposing the hypothesis that business groups are formed with government support, expanding, and diversifying along with the government.