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Cited by 390

The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.

Strategy, Structure and Performance of Korean Business Groups: A Transactions Cost Approach

Chang, Sea Jin, Choi, Unghwan·1988·The Journal of Industrial Economics

Abstract

The authors use the transactions cost approach to analyze the diversification strategy and the resulting structure chosen by Korean business groups to overcome market imperfections prevalent in developing countries. Business groups that have multidivisional struc ture are thought to show superior economic performance because such s tructure reduces transactions costs arising from organizational failure. Also, major Korean business groups have a "relational structure, " showing both vertical integration and the characteristics of the conglomerate. The authors modify the model of R. E. Caves and M. Uekusa (1976), used for Japan, to obtain the empirical result tha t group-affiliated firms show superior economic performance. Copyright 1988 by Blackwell Publishing Ltd.

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Metadata

Authors
Chang, S. J., & Choi, U.
Venue
The Journal of Industrial Economics
Publisher
JSTOR
Published
1988-12
Volume
37
Issue
2
Pages
141
ISSN
0022-1821 (ISSN-L)
OpenAlex
W2088129573
Cited by
390
References
1
FWCI
9.99
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Strategy, Structure and Performance of Korean Business Groups: A Transactions Cost Approach. https://app.cochat.ai/papers/10.2307/2098561
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Chang, S. J., & Choi, U. (1988). Strategy, Structure and Performance of Korean Business Groups: A Transactions Cost Approach. The Journal of Industrial Economics. https://doi.org/10.2307/2098561

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.