chaebol - Publications - Faculty & Research

2021
Working Paper

Governance Transparency and Firm Value: Evidence from Korean Chaebols

By: Akash Chattopadhyay, Sa-Pyung Sean Shin and Charles C.Y. Wang

We examine Korean business groups' transition from circular-shareholding structures to (relatively simple) pyramidal-shareholding structures between 2011 and 2018. When firms were removed from ownership loops, chaebol families' control or incentive conflicts in them... View Details

Keywords: Business Groups; Cross Shareholding; Circular Shareholding; Pyramidal Ownership; Governance Transparency; Ownership Transparency; Earnings Response Coefficient; Business Conglomerates; Corporate Governance; Valuation; Business Earnings

Citation

SSRN

Read Now

10 Jun 2016
News

Korea's Warren Buffett

Keywords: innovation; Korea; financial products; securities; chaebol

December 2017 (Revised January 2019)
Case

In the Eye of a Geopolitical Storm: South Korea's Lotte Group, China and the U.S. THAAD Missile Defense System (A)

By: Andy Zelleke and Brian Tilley

By late 2016 and early 2017, Lotte Group, a South Korean chaebol (large family-controlled business group) had become embroiled not only in the domestic political turmoil surrounding President Park Geun-hye, but also—uncomfortably—in a four-country geopolitical storm. ... View Details

Keywords: Corporate Social Responsibility; Politics; Corporate Social Responsibility and Impact; National Security; International Relations; Decision Making; Government and Politics; Leadership; South Korea; China; Japan

Citation

Educators

09 May 2023
Blog Post

Celebrating Asian American and Pacific Islander Heritage Month at HBS (part 1)

it wasn’t chaebols he was excited about; he was excited to chat at length with me – something we hadn’t done in a long time. This also made me realize I shouldn’t need BGIE cases as excuses to call him. The next time I called he asked,... View Details

04 Apr 2000
Research & Ideas

The Right Way to Restructure Conglomerates in Emerging Markets

that dominate the private sector. These include huge conglomerates such as the chaebol in Korea, the Tata Group in India, and the Koc Group in Turkey. The arguments for restructuring conglomerates are simple. Selling off assets could... View Details

Keywords: by Tarun Khanna & Krishna Palepu

05 Nov 2007
Research & Ideas

The Changing Face of American Innovation

leadership." We asked him to discuss his findings and where his work is heading next. Sarah Jane Gilbert: What led to your interest in this area? William Kerr: In the late 1990s, I worked with a large Korean chaebol on a spin-off... View Details

Keywords: by Sarah Jane Gilbert; Technology

01 Dec 2002
News

What You Know Depends on Where You Go

inefficiencies, as units within them typically performed below stand-alone peers. Divesting assets to focus on core competencies became the accepted wisdom. Applying this logic, multi-industry conglomerates in other nations, such as the View Details

09 Jun 2015
First Look

First Look: June 9, 2015

important lessons in national strategy and political economy. Now, though, its famous chaebols may need reform, the population is aging, and relations with the North are as tense as ever. What should the country's leaders do? Purchase... View Details

Keywords: Sean Silverthorne

01 Apr 1999
News

An Eye to the East

firm.” “In developing economies, we have to reexamine the fundamental assumptions of what makes a good firm.” Realigning Priorities Other participants also remarked that the Asian economic crisis called for a reorientation of research priorities. Although the breakup... View Details

Keywords: Alejandro Reyes

Publications