Economic performance of group-affiliated companies in Korea: Intragroup resource sharing and internal business transactions

• 成果类型: Article
• 署名作者: Chang, SJ; Hong, J
• 署名单位: Korea University
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/1556403
• 发表日期: 2000
• 页码: 429-448
• 关键词: ENTROPY MEASURE; corporate; diversification; strategy; FIRMS; capabilities; INFORMATION; management; TECHNOLOGY; reputation

摘要

This study examined the economic performance of the firms associated with Korean business groups by explicitly addressing groupwide resource sharing and internal business transactions. The results show that group-affiliated firms benefit from group membership through sharing intangible and financial resources with other member firms. Further, this study shows that various forms of internal business transactions, such as debt guarantee, equity investment, and internal trade, are extensively used for the purpose of cross-subsidization.