Business groups and institutional upheaval in emerging economies: Corporate venturing in Korea

Hicheon Kim (), Johngseok Bae () and Garry Bruton ()

Asia Pacific Journal of Management, 2012, vol. 29, issue 3, 729-752

Abstract: In this paper we detail the nature of market-oriented institutional upheaval and its implications for business groups in Korea during the late 1990s. Employing case study methodology we identify four projects that were nurtured under corporate venture programs in response to this upheaval: two internal incubating projects and two new venture investment projects. We analyze these cases employing the concepts of resource fit and organizational misfit. Based upon these in-depth case analyses we generate a conceptual framework that managers can rely on for the choice of organizing mode of corporate venture projects. We conclude by discussing managerial implications and future research directions. Copyright Springer Science+Business Media, LLC 2012

Keywords: Corporate venture program; Financial crisis; Market-oriented institutional upheaval; Resource fit; Organizational misfit; Korea; LG CNS; LG Electronics (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:kap:asiapa:v:29:y:2012:i:3:p:729-752

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DOI: 10.1007/s10490-010-9233-5

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