How Much Does The Business Group Matter in Korea ?  

Oleh:

Sea-Jin, Chang ; Jaebum Hong

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 23 no. 3 (2002), page 265-274.
Topik: BUSINESS; corporate strategy; corporate effexts; business groups; variance component analysis; emerging markets

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

We partition the variances of profits of the companies associated with korea business groups into business group - specific effects, industry effects, and addiliate company - specific effects, which roughly match corporate - parent effects, industry effects and business unit effects, respectively in the extant literature. We find substantial corporate - parent effects (here, business group effects) along with industry effects and business unit effects (here, affiliate company - specific effects. This finding may indicate that business groups play an important role in developing countries by circumventing market inefficiencies. Our results also suggest that these effects tend to be smaller in large business groups and to decrease over time.

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