Lee, Keun; Ryu, Keunkwan; Yoon, Jungmo - Center for Economic Institutions, Institute of Economic … - 2004
performance has been argued and found to have declined with development of market institutions surrounding them. This paper takes … up this issue of long-term performance of the business groups but argues that it has also to do with the internal … theoretical grounds, that the relative performance of the business groups, the Chaebols, had consistently declined over the 1980s …