Definition: Enterprise group

Category: Frascati Manual

Set of enterprises controlled by the group head. The group head is a parent legal unit that is not controlled either directly or indirectly by any other legal unit. It can have more than one decision-making centre, especially for the policy on production, sales and profits, or it may centralise certain aspects of financial management and taxation. It constitutes an economic entity that is empowered to make choices, particularly concerning the units that it comprises. The enterprise group as a unit is particularly useful for financial analyses and for studying company strategies; however, it can be too varied in nature and unstable to be adopted as a unit for statistical surveys and analysis. http://ec.europa.eu/eurostat/ramon/statmanuals/files/Frascati-Manual-2015_EN.pdf