Evolution of Diversified Business Groups in Emerging Markets: The Lessons from Chaebols in Korea
Evolution of Diversified Business Groups in Emerging Markets: The Lessons from Chaebols in Korea
- 한국인사조직학회
- 한국인사조직학회 발표논문집
- The International Conference of the Korean Academy of Management
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2002.03207 - 231 (25 pages)
- 21
This paper examines the evolution of business groups in Korea. Underlying our analysis are two theoretical propositions: (1) the value-creation potential of business group diversification depends on the quality of the economic institutions supporting the economy; and (2) the strategy-structure fit is a key determinant of the performance of diversified business groups. As a consequence, we integrate institutional contexts and organizational arrangements in evaluating the evolution of chaebols. We conclude by discussing implications for management, public policy, and future research.
ABSTRACT<BR>MARKET INSTITUTIONS AND BUSINESS GROUPS<BR>THE STRATEGY─STRUCTURE FIT AND THE CHAEBOLS<BR>DISCUSSION<BR>REFERENCES<BR>
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