Transforming Korean business? Foreign acquisition, governance and management after the 1997 Asian crisis. / Fitzgerald, Robert; Kang, Ji Woong (Jason).

In: Asia Pacific Business Review, 09.09.2021.

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Transforming Korean business? Foreign acquisition, governance and management after the 1997 Asian crisis. / Fitzgerald, Robert; Kang, Ji Woong (Jason).

In: Asia Pacific Business Review, 09.09.2021.

Research output: Contribution to journalArticlepeer-review

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@article{d2b47cbb8d5845cda0188c546251b70c,
title = "Transforming Korean business? Foreign acquisition, governance and management after the 1997 Asian crisis",
abstract = "The surge in cross-border acquisitions of Korean businesses, following the 1997 Asian Crisis, raised strong debates about the strategic motivations of foreign investors and the failings of selling firms. This article assesses their impact on the governance, management, and competitiveness of the resulting joint ventures and newly-formed enterprises. Contrary to local perceptions, {\textquoteleft}fire-sales{\textquoteright} and financial opportunism had not motivated foreign buyers, which sought to transform their acquisitions. Nor does government pressure to reform or poor liquidity fully explain the strategies of their Korean counterparts. Through case studies, the article provides insights into the long-term development of governance and management in Korean business.",
author = "Robert Fitzgerald and Kang, {Ji Woong (Jason)}",
year = "2021",
month = sep,
day = "9",
doi = "10.1080/13602381.2021.1972612",
language = "English",
journal = "Asia Pacific Business Review",
issn = "1360-2381",
publisher = "Routledge",

}

RIS

TY - JOUR

T1 - Transforming Korean business? Foreign acquisition, governance and management after the 1997 Asian crisis

AU - Fitzgerald, Robert

AU - Kang, Ji Woong (Jason)

PY - 2021/9/9

Y1 - 2021/9/9

N2 - The surge in cross-border acquisitions of Korean businesses, following the 1997 Asian Crisis, raised strong debates about the strategic motivations of foreign investors and the failings of selling firms. This article assesses their impact on the governance, management, and competitiveness of the resulting joint ventures and newly-formed enterprises. Contrary to local perceptions, ‘fire-sales’ and financial opportunism had not motivated foreign buyers, which sought to transform their acquisitions. Nor does government pressure to reform or poor liquidity fully explain the strategies of their Korean counterparts. Through case studies, the article provides insights into the long-term development of governance and management in Korean business.

AB - The surge in cross-border acquisitions of Korean businesses, following the 1997 Asian Crisis, raised strong debates about the strategic motivations of foreign investors and the failings of selling firms. This article assesses their impact on the governance, management, and competitiveness of the resulting joint ventures and newly-formed enterprises. Contrary to local perceptions, ‘fire-sales’ and financial opportunism had not motivated foreign buyers, which sought to transform their acquisitions. Nor does government pressure to reform or poor liquidity fully explain the strategies of their Korean counterparts. Through case studies, the article provides insights into the long-term development of governance and management in Korean business.

U2 - 10.1080/13602381.2021.1972612

DO - 10.1080/13602381.2021.1972612

M3 - Article

JO - Asia Pacific Business Review

JF - Asia Pacific Business Review

SN - 1360-2381

ER -