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

Sea-Jin Chang

Abstract

The 1997 Asian financial 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 became 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 their subsequent restructuring following the Asian Cr ... More

Keywords: business groups, East Asia, financial crisis, restructuring, comparative institutional framework, institutional change

Bibliographic Information

Print publication date: 2006 Print ISBN-13: 9780199287345
Published to Oxford Scholarship Online: September 2007 DOI:10.1093/acprof:oso/9780199287345.001.0001

Authors

Affiliations are at time of print publication.

Sea-Jin Chang, editor
Professor of Business Administration, Korea University
Author Webpage