Business Groups in East Asia: Financial Crisis, Restructuring, and New Growth

by Sea-Jin Chang

Overview

The 1997 Asian Crisis principally affected Thailand, Indonesia, Malaysia, and Korea as well as other East Asian countries heavily dependent on intra-regional trade. Banks and other financial institutions quickly become insolvent, and heavily indebted industrial firms went bankrupt. Many of these firms were affiliated with the business groups of this region, yet most groups did not immediately collapse, indeed they proved remarkably robust, some surviving and even prospering. This book examines these East Asian business groups and presents important up-to-date data on their subsequent restructuring following the Asian Crisis.

Product Details

ISBN-13:	9780199287345
Publisher:	Oxford University Press
Publication date:	05/04/2006
Edition description:	New Edition
Pages:	280
Product dimensions:	9.30(w) x 6.20(h) x 1.00(d)

About the Author

Sea-Jin Chang is a Professor of Business Administration at Korea University. Prior to his return to Korea, he used to be a faculty member at the Stern School of Business of the New York University. He had visiting appointments at Stanford University, INSEAD and London Business School. His research has been published in journals such as Strategic Management Journal, Academy of Management Journal, Journal of Business Venturing, Review of Economics and Statistics, Journal of Industrial Economics and Journal of Management Studies. He sits on the editorial boards of several leading journals. His recent book, The Rise and Fall of Chaebols: Financial Crisis and Transformation of Korean Business Groups (Cambridge University Press, 2003) explores the strategies Korean business groups have pursued, examines various aspects of their structures, and assesses their performance.

Table of Contents

1. Introduction: Business Groups in East Asia, Sea-Jin ChangPart I: Japan and Former NICs (newly industrialized countries)2. Japanese Business Groups: Continuity in the Face of Change, Christina Ahmadjian3. Korean Business Groups: The Financial Crisis and the Restructuring of Chaebols, Sea-Jin Chang4. Taiwanese Business Groups: Steady Growth in Institutional Transition, Chi-Nien Chung and Ishtiaq Mahmood5. Singaporean Business Groups: The Role of the State and Capital in Singapore Inc., Lai Si Tsui-AuchPart II: Emerging Market Countries6. Malaysian Business groups: The State and Capital Development in the Post-Currency Crisis Period, Edmund Terence Gomez7. Thai Business Groups: Crisis and Restructuring, Piruna Polsiri and Yupana Wiwattanankangtang8. Indonesian Business Groups: The Crisis in Progress, Alberto HananiPart III: New Horizons for Business Groups in East Asia9. Chinese Business Groups: Their Origins and Developments, Donghoon Hahn and Kuen Lee10. Conclusion: The Future of Business Groups in East Asia, Sea-Jin Chang