Transforming Korean business? Foreign acquisition, governance and management after the 1997 Asian crisis

被引：1

作者：

Fitzgerald, Robert ^{[1
]}

Kang, Ji Woong ^{[2
]}

机构：

[1] Univ London, Royal Holloway, Business Hist & Int Management, London, England

[2] Univ London, Royal Holloway, London, England

来源：

ASIA PACIFIC BUSINESS REVIEW | 2022年 / 28卷 / 01期

关键词：

South Korea; corporate governance; international M&A; business groups; management systems; cross-border capability transfer; FINANCIAL LIBERALIZATION; POLICY; STRATEGY;

D O I：

10.1080/13602381.2021.1972612

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The surge in cross-border acquisitions of Korean businesses, following the 1997 Asian Crisis, raised strong debates about the strategic motivations of foreign investors and the failings of selling firms. This article assesses their impact on the governance, management, and competitiveness of the resulting joint ventures and newly-formed enterprises. Contrary to local perceptions, 'fire-sales' and financial opportunism had not motivated foreign buyers, which sought to transform their acquisitions. Nor does government pressure to reform or poor liquidity fully explain the strategies of their Korean counterparts. Through case studies, the article provides insights into the long-term development of governance and management in Korean business.

引用

页码：111 / 129

页数：19

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