South Korean Chaebols and Value-Based Management

@article{Moskalev2010SouthKC,
  title={South Korean Chaebols and Value-Based Management},
  author={Sviatoslav A. Moskalev and Seung-chan Park},
  journal={Journal of Business Ethics},
  year={2010},
  volume={92},
  pages={49-62}
}
South Korean industrial conglomerates (chaebols) are discussed in the context of value-based management (VBM). Recent economics and finance literature on the diversion of corporate resources from the firm to the controlling shareholders (tunneling), for which chaebols are notoriously known, is discussed. Chaebols have engaged in empire building and expropriation of minority shareholders, distorting the process of efficient resource allocation in South Korea, and became the root cause of the… 

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