Kim, Doyeon; Kim, Taehyun; Sung, Taeyoon - In: Global Economic Review 42 (2013) 2, pp. 135-167
This paper demonstrates that group-affiliated firms have financial attributes that are different from those of stand-alone firms and suggests that these differences are consistent with ex-post consequences of receiving equity investment (EI) in business groups. Therefore, intra-group EI serves...