The value of political connections : evidence from Korean chaebols

Choi, Myungsub (2014) The value of political connections : evidence from Korean chaebols. Masters by Research thesis, Queensland University of Technology.


This thesis examines the value of political connections for business groups by constructing a unique dataset that allows us to identify the form and extent of the connections. Results show firms' membership to family-controlled business groups (South Korean chaebol) play a key role in determining the value of political connections. Politically connected chaebol firms experience substantial price increases following the establishment of the connection than other firms, but the reverse is found for other (non-family-controlled) connected business groups.

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ID Code: 69145
Item Type: QUT Thesis (Masters by Research)
Supervisor: Verhoeven, Peter & How, Janice
Keywords: Political Connections, Politically Connected Firm, Politically Connected Business Group, Spill Over Effect, Chaebol, Business Group, Family Networks, Korea
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Institution: Queensland University of Technology
Deposited On: 15 May 2014 01:53
Last Modified: 21 Jun 2017 14:49

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