The power of large single shareholding and industrial concentration in Thai corporate structure and performance

By the 1970s there was, in a number of respects, a movement towards the development of large-scale business structures and higher industrial concentration. The growth of the stock exchange comprised only one small factor in this grouping of industrial assets – textiles, automobiles and telecommunications – into a few large firms. This was not an evolutionary process, nor was it always a rationalization strategy. The dimensions of this corporate and industrial concentration were complex and form the core analysis of this chapter.