Business groups in East Asia: Post-crisis restructuring and new growth

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Business groups played an important role in the economic development of East Asian countries. Yet business groups in East Asia face an uncertain future. Following the Asian Crisis, foreign creditors and investors have demanded that business groups have more transparent operations and stronger corporate governance. At the same time, as governments in East Asia have loosened trade barriers, business groups have become subject to intense competition in domestic markets. This paper argues that business groups can survive or even prosper by taking initiatives in corporate restructuring. This paper also highlights some areas for further research on business groups in this region. ? Springer Science+Business Media, LLC 2006.
Publisher
National University of Singapore
Issue Date
2006-12
Language
English
Citation

Asia Pacific Journal of Management, v.23, no.4, pp.407 - 417

ISSN
0217-4561
DOI
10.1007/s10490-006-9013-4
URI
http://hdl.handle.net/10203/255862
Appears in Collection
MT-Journal Papers(저널논문)
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