DC Field | Value | Language |
---|---|---|
dc.contributor.advisor | Oh, Frederick Dongchuhl | - |
dc.contributor.advisor | 오동철 | - |
dc.contributor.author | Park, Jungheon | - |
dc.date.accessioned | 2023-06-21T19:31:05Z | - |
dc.date.available | 2023-06-21T19:31:05Z | - |
dc.date.issued | 2023 | - |
dc.identifier.uri | http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=1033039&flag=dissertation | en_US |
dc.identifier.uri | http://hdl.handle.net/10203/307539 | - |
dc.description | 학위논문(석사) - 한국과학기술원 : 경영공학부, 2023.2,[ii, 34 p. :] | - |
dc.description.abstract | We examine the effective contribution of internal capital markets (ICMs) within business groups during financial crises, focusing on Korean chaebols. Using panel data on Korean firms, we first confirm that chaebol-affiliated firms show a lower probability of bankruptcy than standalone firms during crises. We also find that chaebol-affiliated firms with low bankruptcy risk are more likely to be capital providers, while firms with high growth opportunities but higher bankruptcy risks tend to be receivers in ICMs. Moreover, this capital reallocation contributes to improving post-crisis group-level performance. Overall, our study highlights the importance and effectiveness of ICMs for Korean business groups during financial crises. | - |
dc.language | eng | - |
dc.publisher | 한국과학기술원 | - |
dc.subject | Financial crisis▼aBankruptcy risk▼aInternal capital market▼aBusiness group▼aChaebol | - |
dc.subject | 금융위기▼a부도 위험▼a내부자본시장▼a대규모기업집단▼a재벌 | - |
dc.title | (The) role of internal capital markets during financial crises: Evidence from korean chaebols | - |
dc.title.alternative | 금융위기와 한국 대규모기업집단 내부자본시장의 역할 | - |
dc.type | Thesis(Master) | - |
dc.identifier.CNRN | 325007 | - |
dc.description.department | 한국과학기술원 :경영공학부, | - |
dc.contributor.alternativeauthor | 박정헌 | - |
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