Economic crisis and corporate restructuring in Korea : reforming the chaebol / edited by Stephan Haggard, Wonhyuk Lim, Euysung Kim.
Asian business conglomerates have clearly been successful agents of growth, mobilizing capital, borrowing technology from abroad and spearheading Asia's exports. However, these firms have long had a number of organisational and financial weaknesses, including heavy reliance on debt, that make t...
Saved in:
| Online Access: |
Full Text (via Cambridge) |
|---|---|
| Other Authors: | , , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
New York :
Cambridge University Press,
2003.
|
| Series: | Cambridge Asia-Pacific studies.
|
| Subjects: |
| Summary: | Asian business conglomerates have clearly been successful agents of growth, mobilizing capital, borrowing technology from abroad and spearheading Asia's exports. However, these firms have long had a number of organisational and financial weaknesses, including heavy reliance on debt, that make them vulnerable to shocks. Nowhere was this more true than in Korea, where the large corporate groups known as chaebol have dominated the economic landscape. This collection of essays by leading political scientists and economists provides a comprehensive look at the chaebol problem in the wake of the Asian financial crisis. The authors consider the historical evolution of the chaebol and their contribution to the onset of economic turmoil in 1997. The book analyses the government's short-run response to corporate and financial distress, and outlines an agenda for longer-term reform of the financial system, corporate governance and the politics of business-government relations. |
|---|---|
| Physical Description: | 1 online resource (xxii, 342 pages) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781139085083 1139085085 |
| DOI: | 10.1017/CBO9781139085083 |
| Language: | English. |
| Source of Description, Etc. Note: | Source of description: Print version record. |