The value of political connections : evidence from Korean chaebols
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Myungsub Choi Thesis
(PDF 1MB)
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Description
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 |
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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: | Past > QUT Faculties & Divisions > QUT Business School Current > Schools > School of Economics & Finance |
Institution: | Queensland University of Technology |
Deposited On: | 15 May 2014 01:53 |
Last Modified: | 04 Sep 2017 14:40 |
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