Record Details

Structural Features and Mechanisms of The Korean Powerhouses: What Makes These Niche Companies Leaders in The Global Market?

Journal of Economics and Political Economy

View Archive Info
 
 
Field Value
 
Title Structural Features and Mechanisms of The Korean Powerhouses: What Makes These Niche Companies Leaders in The Global Market?
 
Creator KIM, WooJin; Kyoto University
 
Subject Corporate systems; Hidden champions; Global market leaders; Korean companies; Structural diversity
L6; M2; M21
 
Description Abstract. This study explores the structural features and mechanisms that allow relatively small Korean companies to secure dominant market positions in their respective business sectors. By examining five specific aspects of their operations (financing structure, financial structure, growth structure, R&D activities, and business structure), the source of these companies’ unique success is better understood. Ultimately, our findings show that when these five aspects work together as a single and highly efficient “machine,” these Korean powerhouses are able to secure and maintain dominant market positions in the global market. Further, we extend the concept of Korean hidden champions based on the various results of our analysis to propose six criteria useful to redefining them as Korean powerhouses.Keywords. Corporate systems, Hidden champions, Global market leaders, Korean companies, Structural diversityJEL. L6, M2, M21.
 
Publisher Journal of Economics and Political Economy
Journal of Economics and Political Economy
 
Contributor —
 
Date 2016-06-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
—
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEPE/article/view/770
10.1453/jepe.v3i2.770
 
Source Journal of Economics and Political Economy; Vol 3, No 2 (2016): June; 284-308
Journal of Economics and Political Economy; Vol 3, No 2 (2016): June; 284-308
2148-8347
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEPE/article/view/770/858
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/770/311
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/770/312
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/770/313
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/770/314
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/770/315
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/770/316
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/770/317
 
Rights Copyright (c) 2016 Journal of Economics and Political Economy
http://creativecommons.org/licenses/by-nc/4.0