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How much does the business group matter in Korea?

We partition the variances of profits of the companies associated with Korean business groups into business group-specific effects, industry effects, and affiliate 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..Printed Journal

Ketersediaan

Call NumberLocationAvailable
PSB lt.dasar - Pascasarjana1
Penerbit John Wiley & Sons.,
Edisi -
Subjek Corporate strategy
Emerging markets
business groups
corporate effects
variance component analysis
ISBN/ISSN 1432095
Klasifikasi -
Deskripsi Fisik -
Info Detail Spesifik -
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