Intragroup Resource Sharing of Business group in Korea: The Effects on the Internationalization of Group-affiliated companies = Intragroup Resource Sharing of Business group in Korea: The Effects on the Internationalization of Group-affiliated companies

다국어 초록 (Multilingual Abstract)

This study examines the roles of intangible and tangible resources of Korean business groups on internationalization by their member firms. Specifically, we argue that not all affiliates receive same benefit from group-level resource sharing. Instead, the effect of group-level knowledge sharing on affiliates’ internationalization depends on individual affiliates’ relative financial positions within a business group. Using samples of business groups in Korea, chaebols, hereafter chaebols, we find that foreign market knowledge at the group level has a positive impact on the internationalization of affiliated firms while the product knowledge has no impact. Furthermore, we also find evidences that an affiliate with high level of financial capacity receives internal pressures to stay in domestic market to secure internal capital market and support other sister affiliates’ international activities.

참고문헌 (Reference)

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