This study analyses the impact of business group affiliation on firm performance during a time when business groups are newly formed, when the economic and institutional environment is changing, and when group survival is uncertain. Based primarily on a transaction cost approach, we develop two...

Many emerging economies recently have launched ambitious efforts to privatize state-owned enterprises (SOEs). However, not all privatization entails complete ownership transfer from public to private hands. In many industries, especially in infrastructure industries, privatization has often been...

This study examines the response of Korean steel firms after being assessed antidumping duties in the United States. The U.S. market represents the second largest export market for Korea (after China), but increased liberalization in the Korean economy since the 1997 financial crisis has...

Recent development of an institution-based theory of corporate diversification has uncovered a diversification premium in emerging economies, suggesting that some business group-affiliated companies may outperform competing firms not affiliated with business groups. Is the diversification...

We investigate the impact of market-supporting institutions on business strategies by analyzing the entry strategies of foreign investors entering emerging economies. We apply and advance the institution-based view of strategy by integrating it with resource-based considerations. In particular,...

Due to technology, the lowering of trade barriers and the globalization of markets has exploded, and been made into actuality. When it comes to information technology and global business, this project examines the past and present, and attempts to predict the future. From an educational...

In emerging markets, joint venture is a dominant form of competition for multinational corporations. Drawing from the resource-based view of the firm and evolutionary perspective, I developed a theoretical framework that synthesizes our knowledge regarding timing of joint venture formation,...