S-Space College of Business Administration/Business School (경영대학/대학원) Dept. of Business Administration (경영학과) Theses (Master's Degree_경영학과)
Family Successions and Corporate Decisions
재벌기업 가족승계와 기업 행태
- 경영대학 경영학과
- Issue Date
- 서울대학교 대학원
- 학위논문 (석사)-- 서울대학교 대학원 : 경영학과, 2017. 2. 조성욱.
- Existing theories have explained corporate investment decisions through agency-based theories, while dismissing family-owned businesses which comprise vast portion around the world. Using Korean Chaebol data, this study suggests nepotism-based agency explanation on investment decisions among family owned firms. This paper find family firms decrease investment during the successors’ entrance to the firm
especially when the heir is promoted. This paper offers nepotism-based interpretation of family firm investment decisions in order to mitigate adverse reactions from nepotism.