QUASI-MARKETS AND ABNORMAL GROWTH: THE CASE OF THE SWEDISH PERSONAL CARE ASSISTANCE INDUSTRY

Torbjörn Ljungkvist, University of Skövde, Sweden
Urban Österlund, University of Jönköping and the University of Borås, Sweden

Published in

INTERNATIONAL JOURNAL OF BUSINESS STRATEGY
Volume 18, Issue 2, p5-22, October 2018

ABSTRACT

Purpose: The purpose of this study is to understand the growth of a quasi-market industry and the distribution of capital generated by the industry´s private companies. Methodology: Using a longitudinal case study approach, descriptive panel data and a regression analysis highlight the development of medium-sized Swedish companies within the personal care assistance (PA) industry. Findings: This study demonstrates a quasi-market growth cycle and how the hierarchical organizational dimension explains key figure differences between the business types of independent firms (undivisionalized) and conglomerate subsidiaries. Originality: This study is the first to reveal that quasi-market conditions open up for broad redistributions of capital to non-related conglomerate-owned industries. Thereby, non-intended industries receive public funding advantages.

Keywords

Quasi-market, distributable capital, personal care assistance industry, panel data, Sweden


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