Linking corporate governance to firm behaviour and performance: the case of Korean chaebols viewed as a leveraged CMS firm
Abstract
Places Korean chaebols (i.e. family‐owned conglomerates) in the context of organizational theory, characterizes them as leveraged controlling minority structure firms and discusses the behavioural consequences of this. Examines their long term performance in terms of diversification/changinb business environment, aggressive investment drive and the effects of management by one man. Considers the necessary conditions for efficient corporate governance and relates them to various Korean reforms, e.g. to protect minority shareholders. Summarizes the findings of the study and briefly considers their implications.
Keywords
Citation
Lee, K. (2002), "Linking corporate governance to firm behaviour and performance: the case of Korean chaebols viewed as a leveraged CMS firm", Managerial Finance, Vol. 28 No. 10, pp. 19-32. https://doi.org/10.1108/03074350210768095
Publisher
:MCB UP Ltd
Copyright © 2002, MCB UP Limited