Full metadata record
DC Field | Value | Language |
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dc.contributor.author | 홍기석 | - |
dc.date.accessioned | 2017-02-15T08:02:42Z | - |
dc.date.available | 2017-02-15T08:02:42Z | - |
dc.date.issued | 2007 | - |
dc.identifier.issn | 0922-1425 | - |
dc.identifier.other | OAK-4249 | - |
dc.identifier.uri | https://dspace.ewha.ac.kr/handle/2015.oak/234453 | - |
dc.description.abstract | This paper analyzes the investment behavior of the Korean corporate sector before and after the 1997 financial crisis. Using firm-level data, we find that after controlling for investment profitability and cash flows, Korean conglomerates ('chaebol')-affiliated firms, particularly ones with low-managerial ownership, made significantly higher investments than non-chaebol firms before the crisis. In contrast, this difference in investment volume between chaebol and non-chaebol firms is no longer existent in the period following the crisis. We find the sharp reduction in investment by chaebols in the post-crisis period can be attributed mainly to the need to moderate their debt burden. It is not clear, however, whether these changes indicate an improvement in investment efficiency. © 2006 Elsevier B.V. All rights reserved. | - |
dc.language | English | - |
dc.title | Investment by Korean conglomerates before and after the crisis | - |
dc.type | Article | - |
dc.relation.issue | 3 | - |
dc.relation.volume | 19 | - |
dc.relation.index | SSCI | - |
dc.relation.index | SCOPUS | - |
dc.relation.startpage | 347 | - |
dc.relation.lastpage | 373 | - |
dc.relation.journaltitle | Japan and the World Economy | - |
dc.identifier.doi | 10.1016/j.japwor.2006.06.003 | - |
dc.identifier.wosid | WOS:000249180700004 | - |
dc.identifier.scopusid | 2-s2.0-34447622654 | - |
dc.author.google | Hong K. | - |
dc.author.google | Lee J.-W. | - |
dc.author.google | Lee Y.S. | - |
dc.contributor.scopusid | 홍기석(7402515802) | - |
dc.date.modifydate | 20170301081004 | - |