Cross-holding (vertical quasi-integration) is often characterized as a major organizational failure in the Brazilian petrochemical industry. This paper aims to identify if there is governance misalignment in three periods: the end of the 1980's and 1990's, and after the founding of Braskem, in...

One of the most influential evolutionary model in Nelson and Winter's book is the one dealing with industrial dynamics (chapter 12). From that model came out meaningful insights about market structure and technological change relationship. Despite the improvements made by evolutionary models...